A mixed background is being formed today. On the one hand, we can expect a decline in euro quotations, inasmuch as the ECB will again increase the volume of buying the assets of the eurozone country, although Christine Lagarde at the beginning of the month promised the opposite. This is an unpleasant surprise for the market, insofar as many investment banks have recently been talking about how the reduction in stimulus would have a beneficial influence on the value of the European single currency. In practice, there is no reduction.

On the other hand, the volume of reverse repo transactions in the US has reached a new historical maximum, which may cause a weakening of the dollar. On the eve, the US banks have placed excess liquidity in the accounts with the Federal Reserve in the amount of $1.41 trillion.

Trading recommendation: flat 1.1555 – 1.1655.