So, the dollar got yesterday expected support from the publication of the minutes of FOMC meeting from September, 20th.

Let's remind that as it was pointed out in the document there is a great risk that the rate of inflation in the USA will not decrease, as members assumed earlier.

So, in the report it was noted that this time it was easier to committee members to make a decision on preservation of the rate at a former level than in August.

Recently there were certain changes – drop in oil prices, weaker indicators of economic activity and small decrease in core inflation.

It gives the basis for committee members to assume more positive prospects of inflation, however risks nevertheless are kept, also there are fears that the economy can be slowed down more strongly than it was expected.

Besides FOMC members noted in the document that delay of housing market did not extend on other sectors of economy. Moreover, experts paid attention to that Richmond FRB President Laker believed that economic delay would be insufficient for drop in core inflation and that new increase is necessary.

As a result right after publications of the minutes, the first reaction of the market to minutes became active purchases of dollar on all spectrum of the forex.

However development of dollar purchases was prevented by the tragical case, which happened soon after the publication. The four-seater plane ran into a 72-storeyed residential building of Manhattan that led to a fire.

After memorable events on September, 11th, 2001 similar incidents are perceived by the public rather painfully, giving rise to fears that it is the next act of terrorism.

But, quickly enough, representatives of force departments denied these assumptions then similar fears dissipated.

Analysts point out that the favorable background for dollar stability is sustained by a proceeding decrease in oil quotations.

So, despite OPEC intentions to reduce oil production by 1 million barrels a day, yesterday oil reached new lows. We remind that yesterday quotations reached a level $57.42.

In experts’ opinion even if OPEC reduces oil production by 1 million barrels, the market will face the superfluous offer in 2007. Besides experts doubt that real reduction will exceed 500 000 barrels a day. They also mark that manufacturers do not hurry up to reduce production as do not want that it is regarded as panic reciprocal actions.

Experts also pay attention to that if in short-term prospect reduction of production can help oil, in case of stronger delay of the American economy demand for it will fall, that will lead to the further drop in prices.

Today in focus of attention of the market there are data which publication is planned at 12:30 GMT:

- Jobless claims in the USA for a week by 07.10. The forecast 310 thousand, the previous value 302 thousand;

- Trade balance of the USA for August. The forecast -66.0 billion dollars, the previous value -68.0 billion dollars.

And in the end of the American session, at 18:00 GMT the economic review of Federal reserve system of the USA "Beige Book" will be released.

Taking into account uncertainty of the general situation in the market, and probability of some deepening of correction in favour of dollar, we recommend while to remain outside the market.

In the market of "raw" currencies the uncertain situation is also kept.

Though current weakness of Canadian dollar against American dollar should be considered as reaction to oil falling, however expected by us decrease in a rate of the American dollar for certain will lead to change of the general situation in dynamics of this pair. While it is necessary to be outside the market.