No important events are expected today.

A decline in U.S. government bond yields is negative for the value of the dollar and a correction in this currency pair is wise to use for buying. The labor market in the U.S. sees fewer job openings and more jobless claims, which allows to conclude the decline in employment, which in turn will be translated into lower inflation, which will allow the U.S. Federal Reserve not to raise interest rates anymore.

The positive dynamics of the commodities market will put additional pressure on the value of the dollar, as raw materials are quoted in the U.S. currency. The demand for the commodities will be high for the next few days as the quarterly futures and options expiration is next Friday and the investment funds are coming in to exit the positions before the expiration at high prices.

Recommendations: Buy 1.0750/1.0715 and TP 1.0815.