Today the euro has got support after an issue of data of GDP report in France for 1 quarter. The economy of France is one of components of EU economy alongside with Germany, Italy and Holland.

Gross domestic product showed growth of 0.5 % in the first quarter of 2006 in comparison with growth of 0,3 %in 4 quarter, 2005.

Households’ consumption increased 0,9 % against growth of 0,4 % the last quarter. GFCF slowed down a little (+0.2 % after +0.9 % in the fourth quarter 2005. Households’ GFCF  was up +0.5 % in 1 quarter against growth of 0.7 % in 4 quarter 2005.

However traders do not hurry up with active euro purchases, first of all after the Minister of France comment on readiness of the European authorities to any measures for prevention of the further euro rise up to currency interventions.

Contradictory expectations in the market are connected with a question about the further increase of federal funds rate in the USA.

It seems that FRS is going to wait for new data. It can create volatile situation before the meeting on June, 28-29th as it still remains the first for two years, which outcome the market will not know on 100 %", - Steve Berrow, the main currency strategist from Bear Stearns says.

Yesterday's varied fundamental data over the USA did not clear up the market.

Data on week jobless claims and index of leading indicators -Conference Board - have put pressure upon the dollar, which however Philadelphia Fed index, published later, supported the dollar.

Initial jobless claims grew 42,000 to 367,000 for a week by May, 13th, however growth happened basically on a background of partial closing of representation in Puerto Rico as Department of Labor has informed today.

The index of leading indicators was down 0.1 % in April, three of 10 indicators grew. Building permits, orders for the equipment and consumer expectations decreased most strongly.

The index of leading indicators has been revised to +0.4 % in March. Economists forecast growth of the index on 0.1 % in April, according to MarketWatch survey.

Philadelphia Fed business index improved 1,2 points, 14.4 against 13.2 in April. Paid prices index 55.3 against 29.0 in April.

Recommendations are former - we remain outside the market. Bulls and bears chances are equal.