EUR/USD Trading Higher, Euro Area CPI Stable

EUR/USD is trading at 1.1112, up 0.0030. The pair is trading at the highs of the session. Market talk about global money flows and economic data has kept both buyers and sellers active. Eurostat reported that July year over core CPI (consumer prices) in the Euro area was flat versus June at 0.9 percent. The agency reported that Euro area unemployment in June was 10.1 percent, the same as May and year over year second quarter gross domestic product (GDP) was 1.6 percent versus 1.7 percent in the first quarter. Quarter over quarter GDP slowed to 0.3 percent from the 0.6 rise in the first quarter.