The M3 money supply of the Euro Zone expanded less than
expected last month. The ECB reported M3 money supply in the Euro Zone
increased by 2% on an annual basis, being lower than 2.5% expected. Private
sector loans expanded by 1.7% on an annualized rate while analysts predicted a 2.8%
increase last month. Following the news, the Euro suffered losses against the
Dollar with the pair EUR/USD currently trading at 1.2925, easing down 0.12%.
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