Yesterday on a background of day off in the UK due to which the financial market in this country was closed the dollar rate continued gradual decrease on the whole spectrum of FOREX.

Let's remind that before meeting of FOMC, ECB and Bank of England this week volumes of tading operations on FOREX are quite little.
Majority of economists forecast that the rate in Great Britain can be raised by 0.25% and interest rated in the USA and Europe (13) will be left without changes.

The dollar is under pressure of expectations of possible drop in the interest rates in the USA this year.
Experts indicate that though results of FRS meeting do not raise great doubts however for market's players the general tone of the FOMC members' statements will be important.
If there are phrases about the slowdown of economical rates in the country it will confirm the expectations of fast drop in the interest rates that in turn will lead the dollar to a new wave of sales.

While it is necessary to note that the dollar is supported a little bit be yesterday's data on consumer credit in the USA for March, which made +13.5 bln. dollars, at the forecast +4.0 bln. dollars. Its previous value was also revised upwardly from +1.5 to +5.5 bln. dollars.

Today it is necessary to pay attention to the publication of inventories index o in the USA for March at 14:00 GMT. The forecast is +0.4 %, and the previous value was +0.5 %.

Our yesterday's recommendations hold good. The players who opened "shorts" on dollar/franc from a level 1.2135 should keep these positions. And, in case of continuation of growth it is necessary to strengthen these positions, adding to a level 1.2210.

On dollar/Canadian yesterday's recommendations also remain while in force.