EUR/USD Steady, ECB Loan Growth Steady

EUR/USD is trading at 1.1288, up 0.0002. The European Central Bank (ECB) reported that loans to households in the Euro Area rose 1.8 percent year over year in July, the same level as June. Credit to non-financial corporations rose 1.9 percent versus a 1.7 percent rise in June. Private sector credit rose 1.7 percent versus a 1.5 percent rise in June. Credit to governments increased 12.3 percent versus a 11.7 percent increase in June. The ECB M3 Money supply in the Euro Area eased to a 4.8 percent rise year over year in July from a 5 percent rise in June. Annual M1 money supply eased to a rise of 8.4 percent from 8.7 percent.