EUR/USD Extends Losses, Italy's HICP Falls

EUR/USD is trading at 1.0730, down 0.0030. The pair has extended the session losses. Market chatter about European headline news and economic data is making the rounds. Italy's National Institute of Statistics (ISTAT) reported that January year over year CPI (Consumer Price Index) rose 0.9 percent versus a rise of 0.5 percent in December. On the month CPI rose 0.2 percent in January versus a rise of 0.4 in December. Italy's Harmonized Index of Consumer Prices (HICP) fell 2 percent in January versus 0.4 percent rise in December. Year over year HICP rose 0.7 percent in January versus a rise of 0.5 in December.