Monetary Development in the Eurozone for June 2011 statement was released today, Wednesday, stating M3 Money Supply and year on year Private Loans.
M3 Money Supply measures the change in the total quantity of domestic currency in circulation; Annual growth decreased to 2.1% in June 2011 from expected 2.4% and May's 2.5%. The average for the three month period from April '11 to June '11 remained unchanged at 2.2%.
The European currency is going strong against the U.S Dollar as its trading along the lines of 1.4500. EUR/USD recorded a high of 1.4534 in today's trading session so far, and a low of of 1.4468.
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