A mixed background is being formed today. On the one hand, stock markets in Asia are showing growth, which is positive for this currency pair since it has historically been correlated with stock markets.

On the other hand, the US Federal Reserve will increase the volume of purchases of Treasury bonds today, which may cause a depreciation of the American currency. In the interbank lending markets in London and New York interest rates on dollar loans remain low, which indicates an excess of dollar liquidity among bankers. It is difficult for the US currency to demonstrate sustainable growth during such periods.

Investment idea: flat 103.75 -104.45.