At 10:00 (GMT+2), July data on the M3 money supply aggregate in the euro area will be published. The indicator measures the value of all foreign exchange and liquid monetary assets in the hands of the population and is an important indicator of inflation in the country, the growth of which may lead to higher interest rates by financial regulators. The indicator is expected to decrease from 5.7% to 5.6%. Implementation of the forecast may support euro quotes.
