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Yesterday's statistics did not help the dollar to restore recent losses of the end of the last week and the beginning of present one.
So, ISM index in the USA in October fell to 51.2, having been below economists’ forecasts of52.5, meanwhile, as in September the index made 52.9.
As a result, weakness of the indicator, being below a predicted level, put pressure upon a rate of the American currency.
Other components of the report also were below forecasts. We remind that subindex of the paid prices decreased to 47.0 from 61.0 a month earlier, that is connected with falling of gas prices.
Subindex of new orders also showed reduction - in October its value made 52.1 against 54.2 in September. Thus subindex of export orders grew up to 57.8 from 55.3. And subindex of production dropped from 56.1 in September up to 51.9.
Analysts noted that subindex of export orders grew 57.8 from 55.3. And subindex of employment was up to 50.8 from 49.4, that increases positive expectations of employment rise in data of Friday US labor market survey.
Last parameter gives the basis to assume that this review, being one of key releases of week, will show good payrolls’ figures.
One more significant indicator, published yesterday, also did not please participants of the market. So, construction spending index in the USA made -0.3 % for September, at the forecast of 0.0 %. And the previous value was revised from +0.3 % up to 0.0 %.
The yen rate is under pressure owing to recent statements of Bank of Japan executive Fukui. Fukui noted once again that there will not be hike of a level of interest rates in Japan, the given process will be slow and gradual.
The publication of last data on economy of a zone of euro, and as a whole Europe (12), continue to support a rate of euro and other European currencies.
Let's remind that ISM index in Germany made 58.2 for October, at the forecast 58.6, and the previous value 58.4. Thus unemployment in Germany, except for seasonal fluctuations, decreased from 10.1 % in September to 9.8 % in October..
However, change of number of jobless in Germany for October, adjusted for seasonal fluctuations made -67 thousand, at the forecast -19 thousand, and the previous value -17 thousand.
ISM index in France made 56.3 for October, at the previous value 56.0. And ISM index in Italy made 56.2 for October, at the forecast 54.7, and the previous value 54.8.
And ISM index in Europe (12) made 57.0 for October, at the forecast 56.8, and the previous value 56.6.
Today at 12:45 GMT there will be the publication of results of meeting of ECB Governing Council concerning change of interest rates in Europe (12). Overwhelming majority of analysts expect that the level of interest rates remains constant.
The players’ attention will be focused on press conference by results of meeting of ECB Governing Council, which is planned at 13:30 GMT. Participants of the market hope that statements of ECB Governing Council members will help to clear up a situation concerning ECB further steps.
Special interest is caused statements of ECB President Trichet, which will be made at today's press conference after the meeting.
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