Yesterday the main theme of day on exchange markets was results of FOMC meeting.

However this event did not change anything on market. The decision of the Federal Reserve of the USA as well as the decision of the European Central Bank published on a week earlier, was predicted and was won back by traders in advance. The difference between rates of two most powerful financial systems in the world remained without change. Thus, the equilibrium between euro and dollar will be kept in near-term outlook. It is possible to say that euro\dollar quotations will likely remain within the limits of sideways, at least in the near-term outlook - this quarter.

Thus FRS rate did not change and remained within the limits of 5,25 %, FOMC members, including Chairman of Committee Ben Bernanke, voted for this decision.

In the brief review published by Committee Secretary on results of meeting, the estimation of economic growth of the USA in first half of this year was given. Committee members noted that despite rates of growth were moderate, there is a hope for acceleration of rates in second half of this year that will be stimulated owing to growth of employment, rise in incomes and the adjusted economic policy.

Correction of oil market supported dollar indirectly and the bull pressure on euro was moderated by today's weak data over Germany.

Yesterday on NYMEX slump of oil futures prices from the maximal marks of $78 for barrel up to $72 was observed on a background of amplification of anxieties concerning influence of crisis in sector of risky crediting in the USA on economy. Analysts also consider that the level of 78 dollars a barrel is obviously outbid price and oil traders hastened to close positions, not waiting for development of exchange bubble. We remind that jump of prices in oil market was caused by unexpected reduction of week oil stocks last week.

Data over Germany reduced a little bull moods concerning euro.

Industrial production in Germany in June fell by 0,4 % m/m, but grew by 5,1 % y/y, Ministry of Economics of Germany informed. Economists forecast that industrial production would grow by 0,5 % m/m and 5,1 % y/y.

Production in a manufacturing industry in June dipped by 0,5 % m/m after rise in May by 1,9 %. Production of intermediate goods was up 0,8 % m/m.

Tomorrow it is not expected any significant news over the USA or EU. Therefore it is quite probable that quotations will be volatile within the limits of a sideways.

Yesterday the euro could not fix at the achieved heights, orders opened in this connection were closed, today we remain off the market.