EUR/USD Trading Lower, Business Confidence Slides

EUR/USD is trading at 1.1167, down 0.0024. The pair is trading rangebound and a little lower on the day. The European Commission reported that Business confidence for the Euro area fell to 0.02 in August versus a downwardly revised 0.38 in July. It was the lowest level since October of 2013. Consumer Confidence slipped to minus 8.50 in August versus minus 7.90 in July.