No important events are expected today

US Treasury Department cheered up dollar bulls the day before, when it conducted a number of auctions for placement of treasury bonds in the volume of $99bn. No more such large-scale auctions are expected this week, which will have a positive impact on the dynamics of dollar liquidity in the financial system.

In the middle of the next week the U.S. Treasury and the Fed will conduct their liquidity reduction operations, which may also have a favorable impact on the value of the U.S. currency. Today the European currency may make up for some of the lost ground as the Fed’s rate futures continue to signal a slowdown in interest rate growth in the United States. The market expects a 0.5% Fed rate hike at the December 14 meeting and a 0.25% hike at the February 1 meeting.

Recommendations: Buy 1.0450/1.0415 and TP 1.0510.