Forex Trading News: EUR M3 Money Supply y/y Released

The EUR M3 Money Supply came out at 11.3% from the previous 11.5%.  This number was forecast for no change.

This number gauges the value of all liquid cash assets and currency held by the public for that particular region.  Typically a rising trend will have a positive effect on that nation's currency resulting in higher interest rates and growth for that economy. However, the higher the money supply causes less demand.  This can devalue that currency.