EUR money supply and credit lifting lift yields - BBH

By FXstreet.com | Updated July 25, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the ECB will be noting the recent results and the move in Junes money supply.



Key Quotes



“The ECB will likely recognize that money supply and credit moved in the right direction in June. M3 money supply expanded at a 1.5% year-over-year pace, up from 1.0% in May and better than the 1.2% the consensus expected. It was enough to lift the 3-month year-over-year pace to 1.1% from 0.9%."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    EUR/USD Falls During Wednesday Trading

  2. Forex News

    EUR/USD hovers around 1.1300, German labour report in focus

  3. Forex News

    EUR/USD failure to break above 1.1320/15 – DayTradeIdeas

  4. Forex News

    EUR/USD steadies below 1.1300 post FOMC, German CPI eyed

  5. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Trading Center