Growth in dollar rates on the interbank market

18.11.2021

The current levels are attractive for purchases. On the interbank lending market in London, the growth of dollar interest rates continues, which signals a high demand for the American currency on the part of bankers.

The three-month Libor rate has renewed its six-month maximum and now there is no reason to change the trend, inasmuch as bankers are waiting for a tightening of the monetary policy of the US Federal Reserve System and are playing this event back in advance. Reducing geopolitical risks between the US and China also plays into the hands of the bulls. Joe Biden and Xi Jinping held constructive talks, and now investors do not expect any political risks.

Trading recommendation: buy 114.00/113.77 and take profit 115.01.