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So, after renewal of decrease from the beginning of the week tenders the dollar soon got unexpected support from the party Japanese official.
Let's remind that one of heads of Liberally-democratic party in Japan Nakagavy said that he objects to increase of a level of the basic interest rates in the country as deflation is still kept in the country.
As a matter of fact, this statement contradicted numerous statements of representatives of Bank of Japan, supporting the further toughening of a credit policy in the country and consequently became unexpected for the market and caused intensive dollar/yen purchases from players.
As a result within some hours the dollar/yen rate grew more than 100 points and created preconditions for growth of a dollar exchange rate against other basic currencies.
Let's remind that in the end of the last week the dollar tested strong pressure from the statement of the head of National bank of China that the bank plans to lead diversification of the currency reserves estimated in $1 billion.
Thus, according to the main banker the government of the Chinese Peoples Republic plans to transfer its reserves in various currencies and investment projects, including in developing markets.
Such statements not only put pressure upon the dollar, but also support the Japanese yen against other basic currencies. Besides economists do not exclude that central banks of Russia, Switzerland, the United Arabian Emirates and other states can make such steps. And experts assume that some of these central banks can transfer a part of their reserves in the Japanese currency.
Yesterday the market was told that the Japanese investors have already changed a share in their assets from the American currency in favor of the British pound, euro and the Australian and New Zealand dollars.
It is remarkable that the publication of the Federal budget in the USA for October, being in line with expectations, was not practically affected a situation around the basic currency pairs. We remind that value of a parameter made -49.3 billion dollars, at the forecast -49.3 billion dollars, and the previous value +56.0 billion dollars.
Today participants of the market expect great volume of the important macro-economic information. So, at 10:00 GMT the publication of two major European parameters is planned:
- Index of business expectations of German center of economic researches ZEW in Germany for November. The forecast -24.5, the previous value -27.4;
- The forecast for preliminary value of GDP index in Europe (12) for the third quarter. The previous value was +0.9 % for a quarter, +2.7 % for a year.
And then, at 13:30 GMT some parameters on the first world economy will be published:
- Producer price index in the USA for October. The forecast -0.5 % for a month, the previous value -1.3 % for a month, +0.9 % for a year;
- Producer price index excluding food and energy prices in the USA for October. The forecast of +0.1 % for a month, the previous value of +0.6 % for a month, +1.2 % for a year;
- Retail sales in the USA for October. The forecast is -0.3 %, and the previous value was -0.4 %;
- Retail sales ex auto-sales in the USA for October. The forecast is -0.1 %, and the previous value was -0.5 %.
Later, at 15:00 GMT – inventories index in the USA for September. The forecast is +0.5 %, and the previous value was +0.6 %.
These data will point out the further direction of a market vector. We remind that it is expected the further drop in a dollar exchange rate and consequently we recommend to keep sales of rates dollar/franc and dollar/canadian.
It is impossible to exclude however that the unexpected positive of the above-stated data will lead to short-term growth of a rate "greenback", that, in turn will allow to strengthen earlier opened "shorts" but from already higher levels.


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