EUR/USD Trading Lower Ahead of Data

EUR/USD is trading at 1.0718, down 0.0130. The pair is trading just above the session lows as European forex traders wind down trading for the day. Chatter about European economic data due out Tuesday is making the rounds. Germany's Federal Statistical Office is scheduled to release GDP data (gross domestic product) at 2:00 a.m. ET. France's INSEE is scheduled to release consumer inflation data (CPI) at 2:45 a.m. ET. Spain's National Statistics Institute (INE) is scheduled to release CPI at 3:00 a.m. ET. Italy's National Institute of Statistics (ISTAT) is scheduled to report GDP at 4:00 a.m. ET. Eurostat is scheduled to release Euro area GDP at 5:00 a.m. ET. The Centre for European Economic Research (ZEW) German and Euro Area economic sentiment surveys are due out at 5:00 a.m. ET.