The Dollar weakened to around 1.2175 against the Euro after the publication of very disappointing US employment figures (NFP)... but it then recovered to return to equilibrium towards 1.2135/1.2140/E.

The greenback gains +0.4% against the Yen but it is the only currency against which it is strengthening: it crumbles by -0.15% against the Pound (1.3470) and -0 .45% against the Canadian dollar (at 1.2800).

The Dollar did not benefit from a return which increased by +5.5Pts to a record of 0.978%, the highest observed since March 20, especially since the yield of the Bund and the OATs remained completely unchanged.

Perhaps the $ is weakened by a US economy that created half as many jobs as expected in November, according to figures from the Labor Department, which reported 245,000 nonfarm payrolls in the month. last, the lowest figure in six months, after 610,000 (revised from 638,000) in October.

Estimates by economists and analysts ranged between 100,000 cuts (!) and 975,000 job creations (difficult to do less 'consensual' with 1.075 million difference within the range).

The unemployment rate, calculated on the basis of a separate survey, on the other hand fell more than expected to 6.7% after 6.9% in October while the consensus gave it at 6.8%.

The trade balance deficit in goods and services in the United States deteriorated by +1.8%, from $62.1 billion in September to $63.1 billion in October, according to statistics released today by the US Census Bureau and the US Bureau of Economic Analysis.

These statistics show surpluses with South and Central America (2.2 billion USD), OPEC (2.1 billion USD) and Hong Kong (1.9 billion USD), while the deficit with China increased by $2.2 billion to $26.5 billion in October

Lastly, small consolation, the orders with the American industry rose by 1% in October, according to the Department of Commerce, progress rather better than expected by consensus, after a rise of 1.3% the previous month (revised from a initial estimate which was 1.1%).