A mixed background is being formed today. On the one hand, we can expect a decline in quotations against the background of the publication of statistics from the US on inflation for October. Investors expect the consumer prices to rise, and we can fully agree with this opinion, inasmuch as the shortage of supply and the rapid economic recovery after the pandemic lead to a substantial increase in prices.

On the other hand, this week we are seeing good demand in the commodity market, which will have a negative influence on the dollar quotes, insofar as raw materials have historically been inversely correlated with the US currency.

Trading recommendation: flat 1.3520 – 1.3612.