Money supply data from EZ on the way - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the euro-area will release money supply and credit figures for April.

Key Quotes

"It is unreasonable to expect much of an improvement in either money supply growth or credit conditions."

"The extension of credit has fallen for more than two years. There appears to have been some improvement in credit extension to households."

"It has nearly stopped contracting, but it is not genuinely growing. Most importantly, credit to small and medium businesses continues to fall."