EUR/USD Gains Erode Ahead of Data

EUR/USD is trading at 1.0596, up 0.0045. The pair is trading choppy and some of the session gains have eroded as European forex traders wind down trading for the day. Market chatter about money flows and European economic data due out this week is making the rounds. Spain's National Statistics Institute (INE) is scheduled to release inflation (CPI) data at 3:00 a.m. ET. Italy's National Institute of Statistics (ISTAT) is scheduled to report industrial production data at 4:00 a.m. ET. Eurostat is scheduled to release employment change figures for the Euro area at 5:00 a.m. ET.