So, the dollar, which was pressed down by last events, remains while vulnerable. We remind that the general text of the accompanying instruction gave to analysts the basis to believe that "pause" in decisions on change of a level of the basic interest rate will be made further, at least, up to the end of current year.

Besides negative influence on the dollar amplified even more after yesterday's statements of FRS former head Alan Greenspan.

Let's remind that in yesterday's statement Greenspan, whose authority is still very high among experts, stated some problems with which the American economy had to face last months.

So, for example, the master of the financial markets noticed that problems with which the largest automaker came across, are characteristic for all manufacturing industry.

Concerning delay of rates in the market of the real estate, Greenspan noticed that "the bottom has already passed" and position is being stabilized.

Noticing current weakness of the American currency, FRS former head said that some investors transferred their means from dollars into euro.

On this background there were practically ignored the positive statistics, published yesterday.

Let's remind that jobless claims in the USA made 308 thousand for a week by 21.10, at the forecast 310 thousand. And the previous value is revised from 299 thousand to 300 thousand.

Also published yesterday, durable orders in the USA made +7.8 % for September, at the forecast of +4.5 %. And the previous value is revised from -0.5 % up to -0.1 %.

The indicator was not only considerably above the forecast, but also reached a maximum level since June, 2000.

However, thus experts noted that a component of the index, which does not consider transport sphere, was worse than the forecast.

Another important indicator – new home sales in the USA made 1.075 thousand for September, at the forecast 1.030 thousand. And the previous value is revised from 1.050 thousand up to 1.021 thousand.

Though also this indicator also exceeded the expected level, however growth of sales volumes is connected, first of all, with significant reduction of new home prices, which became the greatest since the early 1970-ies of the last century.

Let's remind that the average home price made $217 100.

Kansas FED index also showed growth, which in October made 9 against 6 in September. Economists notice that growth of industrial activity was dull in October, and managers expressed less optimism concerning output in short-term prospect.

Nevertheless, business activity remains above last year's levels, and plans of capital charges remain significant enough.

Thus the prices for materials continued decrease, however big number of firms plans to increase the prices for finished production.

And subindex of new orders fell to 11 against 13 in September, subindex of the paid prices decreased to 25 from 38, and subindex of employment in October dipped to 5 against 12 earlier.

The probability of recoil of the dollar/franc rate to a level 1.2590 seems to us very high. It is not excluded growth to a level 1.2630. At these levels we recommend to open cautious sales today.

Protective stop should be set above a level 1.2740. Remoteness of stop thus looks quite justified from the point of view of range of the key purposes of sales, first of which is near a level 1.2400.

And the strategic purposes of sales are levels 1.2000 - 1.2100.

The dollar/canadian can be sold already from current levels (1.1240-45). The first purpose of sales should be considered a level 1.1060. Then, after overcoming by the pair a powerful level of support at 1.0960 - 1.1050, we expect continuation of long-term decrease in the rate.