European session: the EU industrial production decreased for the first time in a half-year average. [E]

Next data issued:

09:00 EU Industrial production (April) -0.6% 0.3% 0.4%

09:00 EU Industrial production (April) y/y 3.2% 3.8%

USD continued dive versus main currencies on Friday’s trades 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.

Issued data showed unexpected decrease of E.U. industrial production. This has been the first data slump in a half-year average. Yet it’s not a tendency but can reveal the necessity. There is not a tendency now, but can make doubts about expediency of rates concept in the Eurozone in future.

Besides, speech of FED Saint Louis President William Poole took place. He considers that negative influence of oil price growth can be greater, than the economic statistics shows. As he said, informal data sometimes can specify economic changes more quickly, than predicted economic models.

As a whole, currencies remained in the ranges established earlier.

EUR/USD after rose to $1.2670 recoiled to $1.2645. After that the rate stabilized in range $1.2645/55.

GBP/USD after achievement of session maximum at $1.8558 stabilized near $1.8510/40.

USD/JPY in the first half of trading decreased to Y114.50. After short consolidation in range Y114.50/70 the rate has raised to Y115.00. It could not overcome this level and the rate stabilized in area of session maximum.

The report on current account in the USA will be published today. Also it is necessary to pay attention on consumer confidence data (Michigan sent. Index). According to forecasts, indexes will be different. If it will be justified, currencies likely will remain within the limits of the established ranges.