The rise in dollar interest rates on the interbank market in London indicates a downward trend in this currency pair. The benchmark three-month Libor rate, which has been declining for almost a year and a half, is demonstrating steady growth – the trend has reversed, which signals a high demand for the American currency among the world’s largest banks.

The indicator has renewed its semi-annual maximum! Interbank interest rates usually rise ahead of the Fed’s interest rate. Thus, the market expects a future tightening of monetary policy in the United States, which will facilitate the inflow of capital into the US currency.

Trading recommendation: sell 1.3449 / 1.3470 and take profit 1.3400.