Destatis releases Germany's producer prices for August in the pre-European session on Wednesday at 2:00 am ET. Producer prices are forecast to gain 2.5 percent on year for August, faster than the 2.3 percent increase seen in July.

Ahead of the data, the euro showed mixed trading against its major rivals. While the euro rose against the pound, it held steady against the U.S. dollar, the yen and the Swiss franc.

As of 1:55 am ET, the euro was trading at 0.8884 against the pound, 1.1543 against the Swiss franc, 1.2010 against the U.S. dollar and 133.86 against the yen.

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