Data/Event Risks EUR: Never forget that money supply remains a - TopicsExpress

Data/Event Risks EUR: Never forget that money supply remains a key pillar of ECB policy, although they have more often than not tended to turn a blind eye both to overshoots and undershoots of the 4.5% reference value. Data today is expected to show 3-mth average falling to 2.0% (from 2.2%), The lending data, showing credit to households and businesses, will be of modest interest. The euro at present though still more sensitive to ECB speakers. USD: Thanksgiving holiday today which for most also rolls over into Friday, which should make for a relatively subdued end to the week, with no US data. ow.ly/rgnCL

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