European focus: the dollar continue to fall.[E]

USD declines versus EUR for the third day. This has been the longest dive in a monthly average on speculations before a report on U.S. consumer confidence that may add to evidence of slower growth in the world's largest economy.
More over the additional report can testify C/A balance deficit extend for a record mark.
The reports today are likely to be bearish for the dollar, with higher energy prices spook consumer confidence,'' said Monica Fan, RBC Capital Markets. The current account will be obvious if the rate theme be emphasized again, but now it shows diminishing.''
On a bases of forecasts C/A balance deficit in a Q1 will make $222 bln., versus record one $224.9 bln. extended in Q4 2005.
Remind, that the report on U.S. assets inflow has shown, that in April the volume of foreign investments has made $46.7 billion.
Nevertheless, decrease in dollar can be limited on speculations FED Saint Louis President William Poole in the today's speech will highlight governors concern on inflation. It will strengthen possibility FED wont stop hike rates after June meeting.
The dollar gains could be a little boosted in case of deferential theme renewal,'' said Greg Gibbs, ABN Amro Holding. As he believes USD will trade within the limits $1.25 and $1.30 against the euro in the next month