After the release of German services PMI for April at 3:30 am ET Thursday, the euro dropped against its major counterparts.

The euro was trading at 126.21 against the yen, 0.8658 against the pound, 1.1396 against the franc and 1.1272 against the greenback around 3:31 am ET.

Euro vs CHF (FX:EURCHF)
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Euro vs CHF (FX:EURCHF)
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