In absence of news over the United States and after a sharp falling yesterday at the Asian session the dollar is in a condition of rest concerning the basic world currencies.

The euro was supported by expectations of ECB decision about rate, the meeting of ECB Governing Council on this question takes place on Thursday.

As analysts forecast ECB rate will remain without changes - at a level of 3,75 % per annum, however it is expected that next month the probability of that the rate will be raised is very high.

Market’s attention will be concentrated on rhetoric, which will sound in comments of ECB Head Jean-Claude Trichet to the accepted decision on the rate.

The important moment in Trichet’s report will be a theme of inflation as it is considered that the main mission of the Central Bank is retention of a rate of inflation in controllable limits, in territory of 13 countries with the population of 317 million people, gross domestic product of these countries makes 16 % of all world national produce.

Use in ECB President’s speech terms "vigilance" or «strong vigilance» can signal the market that rates will be raised at May session of Eurobank.

Since December, 2005 the rate of the Bank have been raised from 2 % up to 3,75 %, Europe shows quite good rates of rise, by estimations of the European economists the economy of the Eurozone demonstrates signs of moderate, but universal restoration.

The pound sterling was supported against the dollar by data of retails over Great Britain. As data of the British consortium of retails (BRC) showed in March volumes of retails grew owing to the basic effects reflecting the period of Easter holidays. March growth became maximal since April of the last year. The similar sales showing a real parameter of growth for the accounting period, as this parameter does not take into account data on sales on the new trading areas or through the Internet, were up 3.9 % y/y against +3.3 % in February - as much as possible from the last April.

Today the publication of the report of FOMC last meeting is expected. At the last meeting the rate has remained without changes, the market’s participant hope to receive hints on the further destiny of the rate.

"Any data which can strengthen hope that FRS still plans toughening of monetary policy - can be dollar positive in view of spontaneous reaction of investors", - main international economist at Capital Economics Jullian Jason told.

While conditions of the market remains stable in absence of especially significant news. Therefore while we remain outside the market.