16 July
European Union. Reserve Assets Total. The value of the indicator has increased from 1496.93B to 1507.68B
A report on this calendar event is released monthly by the European Central Bank.
International reserves are highly liquid foreign assets controlled by the ECB. These reserves may be used to regulate currency exchange rates, as well as to pay for imported goods and services.
The increase in reserves indicates the strengthening of the country’s financial security.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of EUR.
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