EUR/USD Little Higher, Italian Industrial Sales Improve

EUR/USD is trading at 1.0883, up 0.0010. The pair is trading rangebound and a little higher on the session. Italy's National Institute of Statistics (ISTAT) reported that industrial year over year industrial orders rose 15.9 percent in August versus a 11.8 percent decline in July. Year over year industrial sales rose 6.8 percent versus a 0.5 percent decline in July. On the month Italian industrial orders rose 10.2 percent in August versus a 10.4 percent decline in July. On the month industrial sales rose 4.1 percent versus a 2.3 percent rise in July. Italian retail sales data is due out Wednesday at 4:00 a.m.