EUR/USD Higher, Core CPI Flat

EUR/USD is trading at 1.1317, up 0.0019. The pair is trading rangebound and in the middle of the session range. Market chatter about European economic data and headline news is making the rounds. Eurostat reported that year over year Euro area CPI (consumer prices) edged up to 0.2 percent in July versus 0.1 percent in June. On the month CPI was minus 0.6 percent versus 0.2 percent in June. Core CPI year over year was flat at 0.9 percent. The agency reported that year over year construction output rose 0.6 percent in June versus a 0.4 percent decline in May. The European Central Bank (ECB) minutes are due out at 7:30 a.m. ET.