EUR/USD Little Changed, Euro Area Consumer Confidence Improves

EUR/USD is trading at 1.0904, up 0.0007. The pair is trading rangebound. The European Commission reported that business confidence for the Euro area improved to 0.55 in October versus a downwardly revised level of 0.44 in September. Consumer Confidence improved to minus 8 in October versus minus 8.2 in September. Economic Sentiment rose to 106.3 from 104.9 and industrial sentiment improved to negative 0.6 from negative 1.8 Germany's Federal Statistical Office is scheduled to release inflation data at 8:00 a.m. ET.