M1 money supply for Eurozone covers the most liquid forms of money: currency in circulation, demand deposits, and other balances immediately convertible to cash. It is published monthly by the European Central Bank or national statistics agency.
Why FX traders watch it
Rapid M1 growth can signal future inflationary pressures via the quantity theory of money. Conversely, shrinking M1 may indicate tightening monetary conditions, which reduces inflation risk but also slows economic activity.
How to interpret the data
M1 alone is rarely a primary FX catalyst, but sustained above-trend growth is a medium-term inflation risk and may increase rate-hike probability, supporting the eur. Contracting M1 is associated with tighter liquidity.
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve Dinero en Sentido Estricto (M1) data for EUR from 2023:
GET https://fxmacrodata.com/api/v1/announcements/eur/m1?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
How often is Eurozone Narrow Money (M1) updated?
Narrow Money (M1) for Eurozone is released on a monthly schedule by European Central Bank (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Narrow Money (M1) reported in?
The series is published in EUR bn. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source Eurozone Narrow Money (M1) data?
Data is fetched directly from European Central Bank or the official national statistics publication for Eurozone. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Narrow Money (M1) for Eurozone via the API?
Issue a GET request to /api/v1/announcements/eur/m1?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.