Today eurodollar quotations having made somersault to a level 1,385, again came back to historical tops tested on the eve, to the price - 1,3670 dollars for euro.

In the beginning of the European session the dollar became stronger owing to data about decrease in retails in the largest EU economy - Germany. According to preliminary data of Federal Office of statistics: Retails in Germany in March in real expression were up 0,5 % to March of the last year, however were down 0,7 % in comparison with the last month.

Analysts predicted that growth would make 0,9 % m/m. Data for February were revised upwardly to +1,0 % m/m from 0,9 % m/m earlier.

However today, as well as on Friday, weak data over the USA have induced investors to dollar sales.

Let's remind that on Friday falling of consumer moods and weaker than it was expected GDP data for 1 quarter over the USA caused an impulse of dollar sales against the basic currencies.

The preliminary index of University of Michigan consumer sentiment showed falling of moods among ordinary Americans concerning a current situation, however the index of expectations demonstrated growth of optimistic moods about prospects of economical development in the near future.

University of Michigan consumer sentiment is 87,1 against 85.3. The index of expectations according to University of Michigan is 104,6 against 103,5.

One of the basic economic indicators - Gross Domestic Product – GDP data showed the lowest quarter gain. According to calculations of the US Department of Commerce GPD index demonstrated the minimal value for last four years. In opinion of experts of the Bureau of the economic analysis one of principal causes of it is sharp recession of activity in the market of the real estate and in building sector of economy and downturn in these economic sectors proceeds.

Gross domestic product which includes total of goods and services made in the first quarter of current year, was up 1,3 % in annual calculation. It is 1,2 % below than in 4 quarter, 2006 when GDP growth was also record-breaking low and made 2,5 % in annual calculation. GDP rise was also below forecasts, analysts expected growth up to 1,8 % per annum.

Such weak growth of economy should spur ??? to measures stimulating industrial activity, such as drop in the federal funds rate. However the inflationary index - Deflator GDP showed that the inflationary background remains quite high. And as it is known the basic motive of retention of rates for Ben Bernanke, FRS Head, are inflationary risks, it means that FRS actions concerning rates will be extremely cautious.

The basic Deflator GDP grew up to 2,2 % on results of 1 quarter, concerning a parameter in 4 quarter - 1,8 %. It is above the controllable level set by the government - 2,0 %.

The level of inflation above a target level will be one more argument for FRS in favor of retention of rates.

At next FOMC meeting Committee members will face difficult choice between growing inflation and proceeding recession of economy.

As it was said earlier a historical maximum of the euro price - 1,3660 dollars, is a serious psychological barrier for traders, the quotations keep being volatile near his level. The new monthly cycle of an issue of fundamental indicators begins tomorrow, and it begins with issue of data on a manufacturing industry of the USA - ISM index. The market expects increase of this index, if value of this index is above forecasts it will be a good occasion for entering the market. Tactics of entrance remains former, according to the previous forecasts.