Report on the habitation market began the next occasion to sell dollar

Dollar decreased at the auctions on Wednesday after the report publication on the beginnings of housing constructions in the USA which have reflected the deepest falling for 14 years. It has aggravated fears concerning a status of this sector of economy and, hence has strengthened pressure upon the American currency. After the Ministry of Trade has informed that the number of the begun building projects in September has decreased on 10,2 %, traders have started to sell actively dollar as it can push members FRS to rate fall on federal funds. "the habitation market in the USA puts essential pressure upon economy as a whole, that strengthens a negative in forecasts on dollar ", - the senior currency trader from BMO Capital Markets in Toronto has underlined Fajras Askari. "FRS, possibly, will prefer to weaken the monetary policy, probably, already at session on October, 31st. But, in any case, within the next three months ", - he has added. The report published today known as "the Beige book ", can present new food for reflexions though surprises, most likely, will not be as it represents the complex report on already known dannym. Forexpf. Ru - Forex News / news Forex