The dollar keeps its falling today at Asian session on a background of pessimistic moods caused by negative data of National Association of Realtors. American economic indicators show that economy of the USA is slowdown at high rates than it was expected by the market.

Let's remind that on Tuesday existing home sales dipped in March to the lowest level for last 18 years, that strengthened market's moods against the dollar.

Analysts of National Association of Realtors warn the government of that more rigid standards of mortgage lending accepted by legislators and approved by large creditors in response to recent crisis of nonpayment in a sphere of borrowing for construction and existing homes.
Potential buyers of houses face increased problems while obtaining a credit on the security of real estate, that affect strongly the demand in the segment of economy.

Besides due to increased number of nonpayment in the market of existing homes which is also oversaturated now there are appeared houses which are in demand due to mortgage nonpayment. The number of such houses exceeds the volumes of the same period of last year by 47%.

Glut in the real estate market reduced the prices to record levels to 217 thousand dollars for a house in average. It is the most significant decrease in the price on the housing market in the USA for last 15 years.

Majority of analysts consider that such slump in the real estate market is a result of speculative empty vessel, which grew in the USA during last 5 years. During boom years purchases of houses in investment purposes grew hoping to quick resale an getting quick profit.

Players on Wall Street hope that weak indicators of market of real estate can convince Federal Reserve to reduce interest rates however FRS officials continue saying that the rise in inflationary pressure on market worries most rather than risks of decrease in rates of economical growth.

Despite general moods prevailing on the market against the dollar short-term investors prefer to be off the game while. Players expect issue of reports on new home sales according to the US Department of Commerce and also Fed's Beige Book and preliminary data of GDP for the first quarter of current year. Market expects positive on this news, however if data do not justify these expectations dollar falling will continue. While remain off the market and observe the situation on the market.