EUR/USD Moves Down, German Unemployment Little Changed

EUR/USD is trading at 1.0401, down 0.0055. The pair is trading is trading near the session lows after showing a steady trade early on. Market chatter about global money flows and European headline news is making the rounds. Germany's November unemployment rate was flat at 6 percent, during December the number of unemployed persons in Germany fell by a seasonally adjusted 17,000 after declining by 6,000 in November. Germany's Federal Statistical Office is scheduled to release consumer inflation data (CPI) at 8:00 a.m. ET.