So, as it was expected by the majority of experts yesterday at press conference in the statement of ECB President Trichet a key phrase that the bank observes steadfastly development of inflation in region. The Head of European Central Bank has also noticed that a credit policy carried out by ECB continues to stimulate development of economy in Europe (13).

Let's remind that similar statements strengthen expectations of increase of interest rates in Europe (13) this year still at least once.

This phrase, as well as it was supposed, supported greatly the European currencies. Therefore after press conference and the statement of ECB President Tirchet the euro/dollar rate grew, having reached a level 1.3500, maximal since January, 2005.

Let's also remind that some uncertainty concerning rates of growth of the US economy, the renewed rise of oil quotations and an increasing intensity in the Near East continue to put the general pressure upon the dollar. So, yesterday oil price in New York was up 1.84 dollars and was closed at a level 63.85 dollars a barrel.

Let's notice that before meeting of the Great Seven and the International Monetary Fund, which begin already today, players are rather cautious in their trading decisions. We also remind that steady growth of rates of Australian, New Zealand and Canadian dollar do not promote opening dollar "longs".

Data on jobless claims in the USA for a week by 07.04, which made342 thousand, at the forecast 315 thousand, did not add enthusiasm to dollar "bulls". And the previous value was revised from 321 thousand up to 323 thousand. This indicator was not only weaker than the forecast, but also reached a maximum level for the last of one and a half month.

Data on import price index in the USA for February were dollar positive, which made +1.7 % at the previous value of +0.2 %. As a result the indicator reached a maximum level almost for a year.

And the export price index in the USA made +0.7 % for February, at the previous value of +0.7 %.

Let's remind that today there is planned the publication of the whole series of significant data, which can noticeably affect a market situation:

- Trade balance of the USA for February at 12:30 GMT. The forecast -61.0 billion dollars, and the previous value was -59.1 billion dollars;

- Producer price index in the USA for March at 12:30 GMT. The forecast of +0.8 % for a month, and the previous value of +1.3 % for a month;

- Producer price index except for food and energy prices in the USA for March at 12:30 GMT. The forecast +0.2 % for a month, the previous value of +0.4 % for a month.

And in the end of the week tenders, at 14:00 GMT the publication of preliminary value of University of Michigan sentiment index in the USA for April is planned. The forecast 87.0, the previous value 88.4.

It is obvious that for last weeks the dollar decreased considerably against all basic currencies. Therefore today we do not exclude dollar-favorable correction. An occasion for realization of such script can become, for example, strong data of preliminary value of university of Michigan sentiment index in the USA.

While we recommend to keep waiting position.