EUR/USD Trading Steady, French Year over Year CPI Improves

EUR/USD is trading at 1.0705, down 0.0002. The French National Statistics Institute of Statistics and Economic studies (INSEE) reported that year over year January CPI (Consumer Price Index) rose 1.4 percent after a 0.6 percent rise in December. On the month January CPI fell 0.2 percent after a rise of 0.3 percent in December. The Harmonized Index of Consumer Prices (HICP) fell 0.2 percent in January versus a 0.3 percent increase in December. Year over year French HICP rose 1.4 percent versus a 0.8 percent rise in December.