Market Movers 27/07/2011 - German CPI and ECB release M3 Money Supply
The analysts predict an increase of the German CPI on a monthly basis of 0.4%. According to them, the improvement would be driven by the rebound of the oil price. The YoY annual rate will probably reach the 2.5%.
At the same time, the ECB will release the M3 Money Supply, which shows all currency in circulation in the short term. If this important indicator keeps growing around 2.4%, it will have a positive effect on the EUR.
