In the beginning of the Asian session the dollar fell a little due to anxieties concerning the market of mortgage lending, a proceeding crisis of sector of the real estate made FRS to make injections into stock market for maintenance of liquidity of securities. In the beginning of a month the FOMC made a number of transactions to provide trade by tools of the financial markets on norms close to the basic rate of 5,25 %.

However as the report on existing market showed that crisis in the market of the real estate ate proceeds, that in analysts’ opinion can lead to that FRS will decrease the rate, supporting the stock market and weakening dollar against the basic currencies.

These moods were warmed up by Ben Bernanke's yesterday's statement. He declared that Council members are ready to begin actions stimulating economy if recession in the market of the real estate proceeds.

Ben Bernanke suggested to commercial banks together with Federal Reserve as one of measures to develop a new concept on crediting schemes to involve low and middle class to credits.

However already in the beginning of the European session the dollar started to grow on expectations of positive data on the report of Department of Commerce – the US Gross Domestic Product for the second quarter of current year.

The second, more refined predesign of GDP for the second quarter showed growth of this parameter in comparison with a preliminary estimation by 0,5 % up to 4 % per annum. That is in line with market expectation.

As a whole in the end of last week of last summer month position in the foreing exchange market remains stable. Investors do not hurry up to open long-term positions expecting the beginning of new September trading session. Next week the first monthly economic reports are expected, it is the employment report in August and Institute for Supply Management indexes.

While be off of the market.