EUR/USD Lower, German ZEW Survey Flat

EUR/USD is trading at 1.1228, down 0.0011. The pair is trading rangebound. Chatter about European economic data is making the rounds. Italy's National Institute of Statistics (ISTAT) reported that industrial production rose 0.4 percent in July versus a 0.3 percent fall in June. Year over year industrial production percent fell 0.3 percent versus a 0.9 decline in June. Eurostat reported the number of employed persons in the Euro area rose 0.4 percent in second quarter versus a 0.4 percent rise in the first quarter Year over year employment increased 1.4 percent The Centre for European Economic Research (ZEW) reported that Germany Economic sentiment was flat for September at 0.5 versus 0.5 in August. Current conditions slipped to 55.1 from 57.6. Euro area economic sentiment for September rose to 5.4 versus 4.6 in August.