EUR/USD Trading Higher, French PPI Firms

EUR/USD is trading at 1.0998, up 0.0011. The pair is trading near the highs of the session. Market chatter about the global headline news and European economic data is making the rounds. France's INSEE reported that consumer confidence slipped to 96 in July versus 97 in June. The agency reported that producer prices (PPI) in France rose 0.4 percent in June versus a 0.3 percent rise in May. Italy's ISTAT business confidence and consumer confidence is due out at 4:00 a.m. ET.