Dollar positions did not practically change on a background of varied fundamental news over the USA.

Players began to sell dollar after an issue of the first block of data over the USA for October - PPI. And October data over the USA on Retail Sales from Department of Commerce.

The basic impulse for dollar sales became data on producer price index -PPI. Wholesale producer prices decreased 1,6 % in October, it became the maximal reduction in this parameter for last 2 years. To drop their prices American producers could owing to record reduction of oil prices in the end of 3 quarter.

Excluding food and energy, so-called core PPI dipped 0,9 % the last month that became the maximal decrease since 1993.

The energy prices were down 5 %, and the lorries prices fell 9,7 % that helped the companies to constrain a rise in price of the ready goods.

The second straight record falling of PPI (we remind that in September the index fell 1,3 %) shows decrease in inflationary pressure that is the factor determining FRS more liberal monetary policy and leaves few chances that FRS will lift rates next year. This circumstance also caused a wave of dollar sales first minutes after an issue of the block of economic news over the USA.

However the positive on another index, on retail sales, supported the dollar and the next 10 minutes the dollar won back initial movement upwards on euro.

Retail sales decreased 0,2 % in October, having improved this parameter in comparison with September by 0,6 % when falling of sales made 0,8 %.

Except for petroleum sales retail sales in October were up 0,4 %, and growth proceeds the second month in a row. Economists expected decrease in volume of retail sales by 0,4 %. The level of retail sales is the important indicator of consumer consumption, which make about 70 % of gross domestic product of the USA. Auto-sales in October grew 0,6 % after growth of 0,7 % in September.

Ex auto-sales reduced 0,4 % whereas economists expected that sales would decrease 0,2 %. In September ex auto-sales dipped 1,2 %. Retail sales excluding auto and petroleum in October rose 0,3 %, and growth of sales is observed the second straight month.

Sales in the shops trading with medicines and subjects of personal hygiene, in October climbed 1,3 %, sales at restaurants and bars increased 0,3 %. Sales in shops of clothes were up 0,1 %, and sales of food and drinks - 1,0 %. Sales in the electronics and home appliances shops in October did not change in comparison with September.

The dollar was supported after an issue of data on the business inventories, which showed decrease in of inventories that means revival of sales.

The total amount of inventories grew 0,4 %, that is minimal since February while industrial sales decreased 2 % that became the maximal monthly reduction since January, 1996. The ratio of stocks and sales rose up to 1,30.

Quotations continue to be volatile near key levels of resistance, the top border of a price corridor. The issue of USA NY Empire State Index and the publication of comments of last FOMC minutes are expected today. However, in opinion of analysts these data will hardly affect cardinally positions of currencies in the market, therefore today we remain outside the market.