EUR money supply and credit lifting lift yields - BBH

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%."