EUR/USD Gains Erode, Italian Industrial Sales Edge Up

EUR/USD is trading at 1.0456, up 0.0030. The pair is trading choppy and some of the session gains have eroded. Market chatter about European headline news is making the rounds. Italy's National Institute of Statistics (ISTAT) reported that October industrial sales edged up 0.8 percent versus a decline of 4.6 percent in September. Year over year Italian industrial sales fell 0.9 percent versus a fall in September of 0.3 percent.