A mixed background is being formed today. On the one hand, we can expect a decline in quotations against the background of negative dynamics of the interbank lending market. In London, dollar interest rates fell again, which is negative for the American currency. In New York, as part of reverse REPO operations, commercial banks placed $1.45 trillion in accounts with the Fed, which is close to the historical maximum and this factor is also negative for the dollar rate.

On the other hand, a political spectacle called the “public debt ceiling” has ended in the United States, which may encourage investors to buy shares on the NYSE, which in turn will support this currency pair, inasmuch as it is historically correlated with the American stock market.

Trading recommendation: flat 111.10 – 111.85.