US Treasury withdraws dollar liquidity

01.06.2021

The US Treasury today will hold several auctions for the placement of Treasury bonds, within which $114.8 billion of liquidity will be withdrawn from the financial system, which will be the maximum volume over the past two months, and will provide short-term support for the American currency.

Additional support for the dollar today may be provided by a report from the ISM Institute on business activity in the American industry. The rapid vaccination of the population in the United States is having a positive influence on American business. At the moment, 46% of the adult population is vaccinated in the United States, and according to this indicator, the country ranks second in the G-20 after the UK.

Trading recommendation: Sell 1.2260/1.2280 and take profit 1.2200.