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The US Treasury will redeem $ 10 billion of bonds

The US Treasury will redeem $ 10 billion of bonds | 11 August 2020

11 August 2020, EUR/USD

The US Treasury will redeem $ 10 billion of bonds

EURUSD trading plan:

The US Treasury will redeem $ 10 billion of bonds. The decrease in dollar rates on the interbank market continues in New York and London. The situation looks especially interesting in London, where the three-month Libor rate is approaching a five-year low. This is definitely a negative signal for the dollar. European stocks rose for a third straight session on Tuesday as automakers gained on strong China sales data, with hopes of a steady economic recovery from the COVID-19 crisis boosting global sentiment. This is a positive signal for the European currency.

Trading recommendation: Buy 1.1760 and take profit 1.1830.

David Johnson
Analyst of «FreshForex» company
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