Day Forex: ЕЦБ will define the further trend

Condition at 12:00 Moscow time, on June, 9th, 2011 euro cost has come nearer to a mark of 1,463 American dollars. The currency market has taken waiting positions. But, according to many analysts and YOKES «the North the Capital» in particular, discount rate will be solved at session ЕЦБ which according to preliminary data is planned on Thursday. Possibility of increase of this rate on 25 б.п. обговаривалась even on the eve of the event, but already the middle of day was marked by calm. For participants of the market it is necessary to take of a position of patient expectation and to hope for the fast similar decision.

For the currency market of the USA similar change of rates yet close prospect. As Ben Bernanke declares, chairman ФРС, economic indicators of the country at low enough level without looking at all that an economic course true. Additional barriers he names a global rise in prices in the markets of raw materials and an earthquake consequence in the rising sun country. For situation settlement the monetary policy soft enough is necessary. Economy restoration can be measured only by growth of employment and duration of this period. While it doesn't happen, – Ben Bernanke has declared, – the confidence of any shifts can't be supposed.
Problems with debts are observed not only in the countries of Europe, but also in the USA. America has no monetary sources for growth stimulation. In the event that the congress will disagree on approval of increase of a state debt at maximum permissible level forecasts of a rating of States will decrease.

The budgetary problem of the USA didn't enter at all the period of the decision of problems as absence of visible ways of inflow of the foreign capital testifies to it. According to Joe Terranova, the senior strategist Virtus Investment Partners, in the USA high cost of import oil, huge budgetary deficiency and astable trading balance still reign. Therefore on an extent of uncertain time, the monetary policy of the country will be not enough firm, and level of economy because of it will remain same weak.