No important events are expected today.

The ECB has published fresh statistics on changes in assets on its balance sheet. Over the past week, the indicator has grown by €7 billion, against an increase of €3 billion a week earlier. Monetary authorities have increased the pace of buying assets, which is negative for the European currency. At the same time, from July 1, the pace of asset purchases will slow down significantly, since the regulator will complete the main program of quantitative easing. The head of the ECB, C. Lagarde, promises to raise the discount rate by either 0.25% or 0.5% in July, admitting that he was wrong in predicting inflation.

At the interbank market in London, rates on loans in euros rose by a quarter of a percent – bankers do not expect a strong tightening of monetary policy. At the same time, dollar rates are now already exceeding 2.8%, while the Fed’s rate is 1.7%. In normal times, the difference in rates is 0.1-0.2%, and now it is more than a percent. Such a strong discrepancy indicates the high interest of bankers in the dollar, which is favorable for the growth of the American currency.

Recommendations: Selling 1.0531/1.0560 with TP 1.0440.