On the eve, the US Treasury Department held several auctions for the placement of Treasury bonds, within which it took away $99 billion from the financial system. The next substantial auctions will be held on March 31, which means that until that time the American currency may continue its downtrend, which was formed last spring. Why am I expecting a decline in quotations? Low interest rates on dollar loans at interbank markets in London and New York indicate a decline in the American currency.

There is now a substantial surplus of dollars in the financial system, which is caused by the actions of both the Fed and the US Treasury. For example, the Ministry of Finance should waste about $500 billion in the next two weeks. This includes payments under various anti-crisis programs, including the one that Biden signed last Thursday.

Investment idea: Buy 1.1915/1.1895 and take profit 1.1961.