American focus: speculations under FED rates support USD.[E]

Its already the third day USD growth against main currencies.

This was led by commentaries of FED representatives which continue to show concern upon inflation pressure and hint on further rate increase in order to stock such prices pressure.

So that FED bank of Saint-Louisiana William Poole has told the Wall Street journal his positive sentiment on further FED rate hike and emphasised that FED should тАЬupside bias'' on a rates policy.

Alan Greenspan, previous FED president has reported in Congress on oil gains influence upon economy.

Interest-rate future now is priced in 84% a chance of FED rates hike to 5.25% at the nearest FOMC meeting 29 June. Three weeks earlier the similar probability made about 38 %.

The additional factor for dollar growth, in particular against euro, becomes statements of some Ministers of Finance of the European countries on danger of further EUR lift for EU economy.

On Tuesday France Minister of Finance Thierry Breton informed ?лwe should be vigilance for EUR not overflow the recent levels.тАЭ

Luxembourg Prime-Minister and the Minister of Finance in a one face

Jean-Claude Juncker fill the same.

Pierre Lequeux, the head of currency London department in ABN Amro Asset Management suppose that ECB can endure itтАЩs displeasure in a case of EUR break of pivotal level $1.3000.

Thus market players now continue to pare bets upon USD preferring to wait for some of the central banks further steps in a rates policy before to undertake the further actions. As a result the main currency pairs rebounded to the middle of the intermediate term ranges.

Fed Bank of Atlanta President Jack Guynn will speak about the conditions and prospects of housing markets at 1630GMT.

From the beginning of a trades the main stock indexes try to cover last two session drops. Investors focus returned to fallen shares.

Remind that sales were supported by Ben Bernanke speech on concern of inflation rate and hinted on further rate hike by the end of June. Oil decrease to $71/barrel and data on huge M&A gives the main support for a market. Most likely the situation will remain the same and the market will close in a blue zone.