Yesterday in the USA, Canada and Japan there was a day off, therefore the markets in these countries did not work.

As a result, on a background of absence of the Asian and American players the dollar exchange rate continued strengthening against the basic currencies.

In opinion of many experts the reason of dollar growth became Friday publications in sphere of employment in the USA. We remind that the survey showed that a situation on a labor market remains quite stable and crisis of mortgage lending has not yet affected greatly this sphere.

Thus the report demonstrated that reduction of payrolls in sector of a manufacturing industry and building sector is poised by growth in sphere of services and at public enterprises, and the general index of unemployment remains near the minimal values this year.

The publication of data supported stock market, after an issue of the survey the basic share indexes in the USA showed growth.

Thus the probability of new decrease in the federal funds rate at FRS meeting on October, 30-31 dipped, and it was reflected on the market of futures.

However, we again remind that the main surprise of that release became not a parameter of a gain of payrolls for September, which was almost in line with economists’ forecasts, but revision of August data from reduction by 4 thousand to growth by 89 thousand

It is also necessary to remind that, according to experts’ estimations, to great extent the unexpected deterioration of a condition of the US labor market in August was the main reason of FOMC decision to reduce interest rate on federal funds at once by 0.50 % up to a level of 4.75 % on September, 18th.

Therefore today at 18:00 GMT experts will focus their attention on the publication of the minutes of FRS meeting from September, 18th. We also should notice that the publication of the given report will be the main significant publication today.

Taking into account drop in the main European currencies below Friday levels that is one of signals of change of the intermediate term tendency, we recommend to remain outside the market.