The proliferation of good macroeconomic statistics continues to favor the greenback. In December, the United States actually created 256,000 jobs while the consensus was expecting only 165,000. “Worse”, the unemployment rate fell by 0.1 point to 4.1%. The only positive point is that salaries are increasing in line at 0.3% monthly. These statistics absolutely did not please investors because they will clearly not encourage the Federal Reserve to lower its key rates. Bond yields jumped following the announcement, with the American 10-year yield gaining 10 basis points to 4.78%. The yield differential with Europe (based on the German Bund) is still close to its multi-year highs at 220 basis points. It is difficult in these conditions for the single currency to shine. Moreover, it came up against the resistance zone mentioned at 1.0429/50 (adjusted to 1.0383/1.0415) and is heading towards an intermediate support at 1.017 before considering parity or even 0.9928/12 if the situation continues to develop. degrade.
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