The liquidity surplus in the American banking system will have a negative influence on the value of the dollar. For more than a month on the interbank lending market in New York the rate on overnight loans has been a symbolic 0.01%.

American bankers have a substantial surplus of dollars on their balance sheets. Inasmuch as there is no demand for dollars in the banking system, the rate of the American currency will decline until this demand appears again.

Investment idea: Sell 108.25/108.55 and take profit 107.85.