On Monday the American currency was under pressure against the basic currencies.

The primary factor, influencing negatively on dollar, became statements of ECB representatives confirming the high probability of the next increase of the basic interest rates in Europe (12).

ECB Governing Council member Noier has declared that the bank will do everything for support of price stability.

A dollar exchange rate has also been put pressure by the expectations of fast end of process of interest rates increase in the USA, growth of intensity between Iran and the western countries, and increasing world oil prices connected with this intensity.

The American currency cut was also promoted by the statement of New York FRB Head, who has said about the necessity of greater flexibility in FRS policy.

On Monday, the President of New York Federal Reserve Bank Timothy Gatener informed on that the growing deficiency of the current balance of payments of the USA threatened the world economics.

External deficiencies should be reduced, he has pointed out, having added that while it is not clear how it will affect the financial markets. Gatener has noted that deficiency of the current balance of payments of the USA can reach 7 %.

The further growth will lead to negative consequences.

The important report of this week becomes a release of preliminary data on gross domestic product of the USA for the 4-th quarter. It is expected that economic rise will make up 2.8 %, slowing down in comparison with the indicator of 4.1 % for the 3-rd quarter, mainly because of the sharp letdown of PCE growth, especially, in sector of car sales.

The leading indicators index of the USA, published yesterday, forecasts slower rates of economic growth for 3-6 months.

The index of leading indicators grew 0.1 % for December after the revised 0.9 % in November.

Economists predicted 0.2 % of growth in December against initially published 0.5 % in November.

Bundesbank has informed on that the gross domestic product of Germany will likely slow down considerably in the4 quarter relatively the third one.

The German office of statistics informed earlier that the gross domestic product would probably appear below 0.4 % against the previous quarter when growth made up 0.6 %.

In Bundesbank’s bulletins it was said that while production output in October and November was considerably above than the last months, the export rose only a little against the second quarter.