EUR/USD Little Higher, Euro Area GDP Eases

EUR/USD is trading at 1.1145, up 0.0007. The pair is trading rangebound. Market talk about headline news and European economic data is making the rounds. Eurostat reported that June year over core industrial production in the Euro area rose 0.4 percent versus a rise of 0.3 in May. On the month industrial production rose 0.6 percent versus a 1.2 percent fall in May. The agency reported that Euro area year over year second quarter gross domestic product (GDP) was 1.6 percent versus 1.7 percent in the first quarter. Quarter over quarter GDP slowed to 0.3 percent from the 0.6 rise in the first quarter.