The dollar exchange rate did not change practically for the expired day on a background of the contradictory base.

In the beginning of morning European session the euro grew after an issue of positive data over Germany.

According to results of research of independent organization GFK Consumer Confidence was up to 8,4 points in July against 7,4 in May and 7,9 expected by analysts. However according to the same source the index of economic expectations of German consumers dipped a little to 69,0 after record growth in May up to 69,5.

The consumers’ mood in Germany raises as stable economic rise and improvement on a labor market stimulate consumer activity of citizens in the country, the strongest and largest economy in the European Union.

Unemployment in Germany reached 9,1 percents that is the lowest level of this indicator for last six years, since November, 2001.

Monthly GFK review also notes growth of the index of potential consumer ability, which estimates readiness to make purchases in the future.

However these data which are based on survey of two thousand respondents, were in some contradiction with data of two other authoritative research institutes - ZEW and IFO institutes on business moods, which were published earlier.

The index of business moods IFO showed small reduction in business activity in June, however nevertheless remained near historical tops.

More volatile ZEW index fell unexpectedly after six-monthly growth.

Yesterday growth of pound sterling was more significant compared with the euro. "The pound support high inflationary expectations in Britain", - BNP Paribas analysts say.

Last week minutes of June meeting of Monetary Policy Committee of Bank of England were published. Committee members left the rate at a level of 5,5 %, thus 4 from 9 Committee members voted for its increase, including Bank of England executive Mervin King.

That added confidence that the rate will be raised up to 5,75 % at following meeting.

Further data on the US building sector which were published in the beginning of the American session, did not allow the European currencies to leave their price corridor to the dollar.

The dollar got a little support after the publication of data of association of realtors in the USA on existing home sales. Despite small decrease in sales to 5,99 million houses in June in comparison with 6,01 million in May, investors expect increase of demand in the market of the real estate on a background of drop in mortgage rates.

As a whole condition of balance is kept in the market before FOMC decision on rates and on a background of absence of especially significant news investors close long-term positions. While we remain outside the market.