EUR/USD Trading Higher

EUR/USD is trading at 1.1057, up 0.0029. The pair is trading rangebound. Market chatter about the Germany Bundesbank's monthly report is making the rounds. The German central bank proposed to place more of the costs of future euro area debt crises on governments and their creditors, rather than on taxpayers in member states. The proposals include giving new powers to the European Stability Mechanism (ESM) and changing the terms of government bond contracts.