EUR/USD Moves Up, German CPI Improves

EUR/USD is trading at 1.1114, up 0.0058. The pair is trading moderately choppy and just under the session highs. Market talk about global money flows, economic data and comments from European policy makers has kept both buyers and sellers active. Germany's Federal Statistical Office reported that June CPI (Consumer Price Index) rose 0.3 percent versus a year ago after a 0.1 percent rise in May. On the month June CPI slowed to a rise of 0.1 percent, down from a rise of 0.3 percent in May. Germany's harmonized index of consumer prices (HICP) rose 0.1 percent in June versus a 0.4 percent increase in May. Year over year German HICP rose 0.2 percent versus a flat reading in May.