EUR/USD Lower, Euro Area PPI Eases

EUR/USD is trading at 1.0523, down 0.012. Eurostat reported that Euro area PPI (producer prices) eased to a rise 0.7 percent on the month during January versus a rise of 0.8 percent in December, year over year PPI rose 3.5 percent year in January versus a rise of 1.6 percent in December.