The first half of the week may be positive for the dollar, inasmuch as the US Treasury increases the volume of placement of Treasury bonds, thereby reducing the liquidity of the financial system. Today the department will hold an auction for $91 billion, tomorrow – for another $50 billion. Insofar as Congress has been solving the issue of extending the “public debt ceiling” for a long time, the Ministry of Finance is almost left without money and is forced to quickly correct the situation now.

On the interbank market in London, dollar Libor interest rates rose to a three-week maximum, which is also positive for the American currency. The main event of the week will be the US Federal Reserve meeting, which is scheduled for Wednesday, November 3. Either on this day the trend will reverse and the dollar will start to fall, or we will see the trend accelerating.

Trading recommendation: sell 1.3700/1.3729 and take profit 1.3650.