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At 5.00 am ET Tuesday, Eurostat releases euro area flash inflation data. Inflation is expected to remain unchanged at 1 percent in September.

The euro traded mixed against its major counterparts before the data. While the euro held steady against the greenback, it rose against the rest of major counterparts.

The euro was worth 1.0893 against the greenback, 118.09 against the yen, 0.8865 against the pound and 1.0902 against the franc at 4:55 am ET.