On Friday at last dollar bulls gained revenge after week retreat.

Contrary to expectations Friday fundamental release over the USA showed not bad data for the economy of this country.

The US trade deficit reflecting the balance of import and export volume narrowed in February to 58,4 bln. dollars from 58,9 bln. dollars in January. Stock exchange analysts expected rise to 61,0 bln. dollars.

After this hike in the indicator in August of last year to a level close to 70 bln. Dollars its trend keeps firmly descending tendency and during first two months of this year trade balance deficit holds in the limits of 60 bln. Dollars.

Analysts note that weakened home demand for import goods, which is leveled only by high oil prices, is a result of FRS policy of gradual dollar weakening. The export volumes grow at higher rates in comparison with Import volumes. If import increased by 3% in comparison with the similar data last year export grew by 9%.

Positive data on trade balance were dampened a little bit by preliminary data on consumer market of University of Michigan, which demonstrated drop in consumer sentiment of ordinary Americans in April and also data on index of wholesale prices.

Producer price index for finished commodity in the USA in March was up 1%. Core producer price index in March was not changed, the Department of Labor of the USA informed. Economists expected rise in the index in March by 0,8% and core index should have grown by 0,2%.

Annual rise in the index in March made 3,2% - maximal since August of 2006. Core index in comparison of the same period of last year was up only 1,7%. In March FRS heads excluded from the text of statement of Central Bank phrase pointing out the probability of increase of the rate.

This circumstance reduces the chances of that FRS will rise the rate at the nearest meeting in May. Despite published in the beginning of last week minutes of FOMC last meeting there was observed increased inflationary risks. And in its turn it puts pressure upon the dollar.

As a whole despite correction market sentiment are still against the dollar. Significant level 1,3670 does not seem as unattainable. Taking into account that this is a historical extremum it is necessary to expect from this level a strong wave of adjustment of trend against the euro. Whlie keep out of the market.