Risk’s appetite has returned to financial markets again, which means that the US dollar will face another wave of sales. The USDX dollar index is now trading near a three-month minimum, and I expect the continuation of this trend, inasmuch as the surplus of dollar liquidity in the financial system will negatively affect the rate of the American currency.

Additional pressure on the dollar will be exerted by the commodity market, where there is a steady demand for metals and energy resources, insofar as raw materials are quoted in the US currency and have an inverse correlation with it.

Trading recommendation: Buy 1.2205/ 1.2170 and take profit 1.2260.