American focus: positive economic news supported USD [E]

The dollar got a support after C/A deficit reduced in 1Q 2006 to $208.7 bln. compared with $223.1 bln. in 4Q 2005.

Economists expected less slump of major index characterize foreign trade and predicted deficit at the level $222 bln.

According to data of Michigan University survey of American customers sentiments gained to 82.4 to 82.4 in comparison with 79.1 in May. Analysts predicted insignificant indexт's decrease to 79. It is necessary to note that economic data give attractive picture of the U.S. economy.

On Thursday it became known that quantity of American Initial Claims fell to minimum level during last 4 months and according to Labor Department was 295,000.

Becides, it is necessary to note that reviews of manufacturing activity in New York and Philadelphia Fed districts fixed growth of manufacture and new orders indexes to maximum levels for last months.

Nevertheless, it is necessary to note, that despite of volatile trades within a week the dollar against the basic currencies remained within the limits and narrow ranges that speaks about market players' absence of further perspectives vision of currency market. Most likely, the similar situation will keep in the beginning of next week.

The U.S. stock market on Friday opened with decrease. Considering Dow, S&P 500 and Nasdaq growth during last 2 sessions at 2.8%, 2.7% and 3.5%, investors desire to fix the profit before weekend looks rather naturally. Considering today's quadruple-witching options expiration Friday's trade session may be volatile.