Euro Zone M3 money supply expands less than expected

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Source: Forexpros

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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