EUR/USD Trading Higher, German CPI Edges Up

EUR/USD is trading at 1.0625, up 0.0025. Germany's Federal Statistical Office reported that January CPI (Consumer Price Index) fell 0.6 percent versus a rise of 0.7 percent in December. Year over year, German CPI edged 1.9 percent during January versus a 1.7 percent rise in December. Germany's Harmonized Index of Consumer Prices (HICP) fell 0.8 percent in January versus a 1 percent rise in December. Year over year German HICP rose to 1.9 percent versus a rise of 1.7 percent in December.