M3 Money Supply increased to 5.3%

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Thursday, Aug 27 2015

The annual growth rate of the broad monetary aggregate M3 increased to 5.3% in July 2015, from 4.9% in June, averaging 5.1% in the three months up to July. No change was expected. The annual growth rate of the narrower aggregate including currency in circulation and overnight deposits (M1) increased to 12.1% in July, from 11.7% in June.

The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was more negative at -4.6% in July, from -4.3% in June. The annual growth rate of marketable instruments (M3-M2) increased to 3.6% in July, from 0.5% in June.

Euro is currently being traded few points above 1.13 handle. Pair is likely to find support around 1.1250 area and resistance above 1.1360 level. Later today, in the US session, Unemployment Claims and Prelim GDP figures are scheduled for a release.

More in this category: « UK house prices continue to grow US GDP up by 3.7% in Q2 »

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