EUR/USD Little Lower

EUR/USD is trading a little lower early Monday at 1.0750, down 0.0050. Trading had been active and range bound. German PPI was down 1.7 percent year-over-year versus down 2.1 percent on the previous report. Month over month the PPI was up 0.1 percent versus 0.1 percent on the previous report. Market chatter about Chinese monetary easing over the weekend has been making the rounds. Market talk about data due from the ECB at 9:45 a.m. regarding details of QE purchases is just beginning.