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By the end of this week the dollar has practically won back losses of the end of the last week when unexpectedly weak data on the US employment caused a strong bear impulse concerning dollar.
Euro\dollar quotations still continue to be within the currency corridor limited by levels 1,385 - 1,36 dollars on euro.
In the beginning of yesterday's session the dollar grew after FRS assume measures on strengthening stability of stock market. The Federal Reserve declared that will provide liquidity of securities on financial markets, carring out operations on open markets with the purpose to provide trade using tools of financial markets based on norms close to a basic rate 5,25 %.
Thus, FRS softened influence of bad news connected with market of real estate.
Unlike FRS in August statement European Central Bank declared that on financial markets the liquidity provided by the Central Bank is superfluous, and does not demand additional injections. Monetary policyremains soft. Besides ECB used a word "vigilance" concerning inflation, however investors do not see a signal that rates at following meeting of Governing Council of will be raised.
Inflation in Eurozone does not exceed a target level of 2 % and even has the descending tendency about what it was noted at last meeting of ECB Governing Council.
As a whole the panic in the world stock markets did not affect a global trend on eurodollar. ECB and FRS rates remain stable and will most likely remain at one level, that in turn stabilizes exchange rates within the limits of sideways.
While we remain outside market.
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