EUR/USD Little Changed, Euro Area Business Confidence Edges Down

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EUR/USD is trading at 1.0608, down 0.0010. The pair is trading rangebound and on both sides of unchanged during the overnight session. The European Commission reported that business confidence for the Euro area slipped to 0.42 in November versus 0.56 in October. Consumer Confidence improved to minus 6.1 from minus 8 in October. Industrial sentiment slipped to minus 1.1 from minus 0.6 and economic sentiment edged up to 106.5 from 106.4. The commission reported that Euro area services sentiment was unchanged at 12.1.

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