EUR/USD Trading Higher, Italian Consumers Confidence Firms

EUR/USD is trading at 1.0999, up 0.0013. The pair is trading near session highs. Market talk about European economic data and headline news has kept buyers and sellers active in a narrow range. Italy's ISTAT reported that July business confidence edged up to 103.1 from 102.9 in June. Italian consumer confidence rose to 111.3 from 110.2. The European Central Bank (ECB) reported that loans to households in the Euro area rose 1.7 percent year over year in June following a 1.6 percent rise in May. It was the best gain since September of 2011. Year over year Money Supply (M3) in the Euro Area rose 5 percent versus a 4.9 percent rise in May.