It is necessary to buy British currencies for two reasons. Firstly, in the interbank lending markets in New York and London, interest rates on dollar loans are declining, which indicates an excess of dollar liquidity in the banking system. During such periods, investors prefer to sell the US currency and buy “risky assets”.

Secondly, the commodity market has seen a moderate growth in the segment of industrial metals and energy, which is also negative for the dollar, inasmuch as raw materials are quoted in the US currency and are inversely correlated with commodities.

Investment idea: Buy 1.3818/1.3800 and take profit 1.3950.