Today the US Treasury and the Federal Reserve will increase the surplus of dollar liquidity in the financial system through operations with treasury bonds, which will have a negative influence on the value of the dollar. The Federal Reserve will buy $12.42 billion in short-term bonds tonight, which will be the highest volume in the past three weeks.

The Ministry of Finance will redeem $25 billion in Treasuries. Therefore, the total volume of liquidity will increase by $37.42 billion, which is quite a lot for one day. If we add here the fact that Friday’s release on the US labor market disappointed “dollar bulls”, then the dollar now has little chance of success.

Trading recommendation: Buy 1.1875/1.1850 and take profit 1.1930.