Yesterday and today after a series of fundamental news over the USA the dollar again strengthened inside the currency range.

Yesterday's data on the market of the real estate and on production in the USA were apprehended positively by the traders playing on dollar bulling, and today's week indicators of the labor market over the USA supported a short-term trend in favor of dollar.

According to data of Department of Commerce in April housing starts in the USA were unexpectedly up 2,5 % to 1,528 million houses a year.

The number housing starts was revised up to +0,3 % from +0,8 %. Economists forecast decrease in its number in the USA in April by 2,2 % to 1,485 million houses a year. The number of building permits were down 8,9 % - a maximum for 17 years.

Industrial production in the USA in April increased by 0,7% m/m, the annual indicator grew by 1,9 %.

Economists expected growth of industrial production by 0,3 %. The capacity utilization in April rose by 0,4 % up to 81,6 % from 81,2 % in March. Earlier it was informed that March indicator makes 81,4 %.

The average level of capacity utilization from 1972 till 2005 makes 81,0 %. In comparison with the same period of the last year capacity utilization rose by 2,3 %.

Production in a manufacturing industry in April was up 0,5 %. In March production in this sector increased by 0,6 %, and in February remained without changes.

Capacity utilization in a manufacturing industry raised up to 80,2 % against 80,0 %. In sector of municipal services production in April was up 3,5 % on a background of unusually cold weather after falling by 7,5 % in March which was caused by heat not characteristic for a season. The factor of capacity utilization grew up to 85,7 % in comparison with 82,8 % in March.

Today's data on the labor market showed that this segment of economy remains a strong parameter in the US economy.

The jobless claims for a week prior to May, 12th fell by 5000 up to 293 000 adjusted by seasonal variations, the US Department of Labor informed. This parameter was minimal for a week prior to January, 13th.

The number of claims was revised up to 298 000 from 297 000. The number of jobless claims below 300 000 testifies to significant monthly growth of number of payrolls. Four-week moving average of claims fell by 12 000 to 305 500.

As a whole market moods remain balanced, however in short-term prospects the dollar can be under pressure of oil market. The prices for oil futures can grow due to that world oil cartel plans to reduce volumes of oil recovery if prices fall and remain below a level of $50 a barrel more than a month. The price level of $60-65 a barrel is considered as acceptable. OPEC General Secretary Abdullah al-Badri declared about this on Thursday at press conferences in Indonesia.

However, eurodollar quotations will most likely be further within the limits of a sideways and fluctuation will take place within the limits of this price corridor. While remain outside the market.