European focus: the dollar climbed to a two-week high against the yen [M]

The dollar climbed to a two-week high against the yen on rumours a U.S. government report will show faster economic growth and prompt the Federal Reserve to keep raising borrowing costs. It is expected, that the reconsidered estimations of GDP of the USA for the first quarter will show the fastest pace for the last time.
«Exceeding data can led to raising rates as soon as on the next FED meeting.», - says Marcus Hettinger, Credit Suisse Group. «we see USD strengthen».
The euro pared an earlier decline against the dollar after European Central Bank policy maker Klaus Liebscher told reporters in Vienna that inflation risks aren't weakening.
On the bases of forecasts USA GDP will be reconsidered to probability growth at an annual 5.8% which would be the fastest pace since the third quarter of 2003. Prior data was on a level 4.8%.
« We are waiting for surprises from the upcoming USA data». – says Sean Callow, Westpac Banking Corp. «In the next couple of weeks, we could see the EUR decline to $1.26 or lower». «The USA economy expands», - suppose Masaki Fukui, Mizuho Corporate Bank Ltd.
«Strong economic data could fuelle expectations FED will lift it’s benchmark rate that will render dollar essential support.» As analysts say USD this week can elevate against EUR to $1.2650.