Yesterday the dollar became stronger within the limits of a currency corridor. The national currency of the USA was actively bought up at the end of the American session in connection with growth of the interest rate on the US government bonds, investors put up in the price the future interest rate increases and positive economic data.

The dollar rate increase against euro and pound sterling was also promoted by expectations of an issue of positive Employment data.

The last month nonfarm payrolls showed that the number of new employees made 250 thousand people, that is twice as many December indicator of 108 thousand people and is the best value for January, 2000, according to the median of 75 economists, surveyed by Bloomberg News.

After the rate increase on 25 basic points FRS has emphasized that the future monetary policy will depend on incoming data.

Thus, employment data on Friday can increase probability of that prospects of growth in the USA are positive and the further rate increase will hardly affect negatively the economy.

According to the median of the economists surveyed by MNI, employment can be up 275,000 after growth on 108,000 in December. The forecast varies from +210,000 up to +300,000.

However, the mixed data of industrial indexes - ISM business index and the situation in the oil market dampen the dollar growth and keeps it within the limits of a currency corridor.     

Institute for Supply Management index in a manufacturing industry dipped to 54.8 % in January against 55.6 % in December, this is the third cut in a row.

ISM production index 56.6 against 57.8 in December

ISM delivery index 55.3 against 52.9 in December

ISM new orders index 58.0 against 59.1 in December

ISM employment index 51.3 against 53.6 in December

ISM paid prices index 65.0 against 63.0 in December

The oil prices have again come near a critical mark of $67 for barrel, before IAEA meeting on the nuclear program of Iran, dealers inform.

Today at the meeting in Vienna IAEA should decide whether to take the Iranian file to Security Council of the United Nations for probable sanctions towards the Islamic republic which resumed uranium enrichment.

The western countries are afraid of that Iran carries out secretly the program of creation of the nuclear weapon while Teheran declares that the nuclear researches are exclusively in the peace purposes.

At 4.15 GMT oil “light sweet” with delivery in March rose in price on 37 cents up to $66.93 for barrel against closing at a level $66.56 for barrel in New York.

FRS declared that on Wednesday Ben Bernanke assumed FED Chairman post, having replaced Alan Greenspan.

B.Bernanke swore at 14.00 GMT. Vice-president Roger Ferguson swore in him. Procedure of the oath happened after yesterday's his designation by the Senate.

And the first historical decision is to settle the problem with federal funds rates. In opinion of many economists, 14-th cycle of FRS rate increase has not finished, at the next meeting on March, 28 - the first meeting under Bernanke’s direction the rate will be raised once again by 0,25 %. And then there will be a pause for a year. One of the reasons of this, in analysts’ opinion, is Bernanke’s wish to show that he the same zealous supporter of struggle against inflation as his predecessor Allan Greenspan. 

Technical picture. Eurodollar quotations have approached closely to key levels 1,2040-1,2000. The basic movement of the market is expected tomorrow, at the beginning of the American session after an issue of the Employment report of the Bureau of Labor Statistics, U.S. Department of Labor. Expectation of the further rate increase and positive nonfarm payrolls data enable to give necessary forces for dollar to press the support levels. There is quite probable correction deepening. Therefore Shorts on euro under these levels with 1 purpose 1,1915 and the perspective purpose 1,1720 are important.

Pound sterling the same levels - Shorts from a support level of 1,7635, 1 purpose - 1,7545, 2 purpose - 1,7415.