Market’s mood against dollar so strong that even positive data on the US labor market could not influence on bear tendency on dollar.

After yesterday's technical dollar favorable correction caused by easing of expectations of the further drop in the rate the euro price again tested a historical top a level of 1,45 dollars.

Expectations of the further decrease in the rate were caused by rigid comments of Committee members to FOMC decision on the federal funds rate.

"The statement was quite rigid and gave the basis to believe that FRS stopped to reduce rates, - one of traders of the leading broker company in Japan told. - The dollar was supported a little by growth of the American shares after dip in the rate and if stock market remains strong the dollar can leave recent lows".

Today the positive on the US labor market could not, as was already spoken, to affect uptrend on euro.

The number of new payrolls made 166 000 against 80 000, predicted by economists. The unemployment rate remained without changes 4,7 % in October. "The report confirmed necessity to retain FRS rate. Despite high oil prices and falling of cost of houses consumers are assured of a strong labor market", - Mira Dsousa from Thomson IFR notes.

The reason of decline of the American currency became falling in stock market. Proceeding from a current economic situation lower interest rates are necessary for housing market and financial sector. And good parameters on employment slow down decrease in rates that is why shares of the financial companies and the companies connected with the real estate decreasing, drawing the whole market.

It is necessary to note that such inadequate reaction of the market to positive employment news is quite unusual. Therefore it is necessary to repeat our yesterday's recommendation: to abstain to play against a trend at an issue of positive news over the USA as now any negative on the basic data over the USA will cause stronger bear reaction against dollar and less expressed bull reaction in case of a positive

While we remain outside the market.