M3 Money Supply unchanged in September

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Tuesday, Oct 27 2015

The annual growth rate of the broad monetary aggregate M3 stood at 4.9% in September 2015, unchanged from the previous period, averaging 5.0% in the three months up to September. Analysts were expecting increase to 5.0%. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate including currency in circulation and overnight deposits (M1) increased to 11.7% in September, from 11.5% in August.

The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was more negative at -4.7% in September, from -4.5% in August. The annual growth rate of marketable instruments (M3-M2) decreased to 0.5% in September, from 2.4% in August.

Euro is currently being trade around 1.1040 handle. Pair is likely to find support around 1.10 level and resistance above 1.1080 area. Later today, in the US session, Durable Goods Orders and Consumer Confidence data are scheduled for a release.

More in this category: « Aussie stable above 0.72 handle UK GDP increased less than expected »

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