The American focus: the dollar updates an annual minimum against Euro before FOMC decision. [M]

Dollar has reached the minimal value for last year against Euro and eight-month minimum to yen due to speculations that FED can let know, that is intended to make a pause during process of rates increase Federal Funds 25 years диаграмма Federal Funds 50 years диаграмма.

Remind, within a year the dollar decreased against Euro and yen in connection with expectations of reduction the difference of rates between the USA on the one hand both the Europe and Japan with another, that will decrease the attraction of assets denominated in dollars.

Practically there are no doubts of that today FED increase the rate to 5 %, however, the probability of rate growth at June meeting to 5.25 % now has decreased to 34 % in compare with 46 % last week.
The decision will be declared in 1815GMT.

In opinion of the majority of the largest Wall Street bond dealers after today's increase FED will take a pause at least till August. Richard Franulovich, Westpac Banking Corp. said "in the market grow the sentiments concerning FED approaching to the end of rate increase cycle. Meanwhile the probability of renewal of process of strengthening monetary policy the European Central Bank increases."

In spite the fact that process of decrease dollar passed very quickly and did not accompanied by serious correction, taking into account the sentiments in the market, even aggressive tone of the text of FOMC announcement is not a guarantee for some significant strengthening of the greenback.

The USA equity market before the FOMC announcement has opened without the certain tendency. Disappointing forecast Cisco renders now negative influence on technological sector. The certain fears are caused with a proceeding rise in prices on oil and other raw materials.