EUR/USD Little Higher, German Business Climate Eases

EUR/USD is trading at 1.0742, up 0.0015. The IFO Institute's January German business climate survey slipped to 109.8 versus 111 in December. The current conditions portion of the survey edged up to 116.9 versus 116.7 and future expectations fell to 103.2 from 105.5 in December.