EUR/USD Trading Higher, Italian CPI Improves

EUR/USD is trading at 1.1111, up 0.0028. The pair is trading rangebound just under the session highs. Market talk about money flows and economic data is making the rounds. Italy's ISTAT reported that Italian unemployment rose to 11.2 percent in June from 11.5 percent in May. The agency reported that year over year July CPI (Consumer Price Index) improved to minus 0.1 percent from minus 0.4 percent in June. On the month CPI was 0.2 percent versus 0.1 percent. The Harmonized Index of Consumer Prices (HICP) fell to minus 1.8 percent versus 0.2 percent in June. Year over year HICP improved to minus 0.1 percent versus minus 0.2 percent in June.