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EMU: M3 Money Supply up 3.3% in February

FXstreet.com (Barcelona) - The Eurozone M3 Money Supply increased 3.3% in the three months to February, following a 3.6% rise in the three months to January, according to the ECB official data.

On an annual basis M3 Money supply grew 3.1% in February, down from the 3.5% rise registered the previous month and below forecasts of a 3.3% increase.

Year-over-year Private loans fell 0.9%, after dropping 0.9%, as expected.

Forex: EUR/JPY falls to 120.00 on EMU and German data

The EUR/JPY fell on the release of the German unemployment report and EMU money supply data, easing from 120.50 to the surrounding area of 120.00. Apart from those disappointing indicators, Italy business confidence rose from 88.6 to 88.9 in March, beating consensus of 88.0.
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Forex Flash: Majors stumble on Euro woes - OCBC Bank

Emmanuel Ng of OCBC Bank notes that the majors stumbled against USD on Wednesday as Cypriot/Italian concerns continued to boil over with EUR leading the way lower.
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