The euro continues to sink against the dollar to 1.226 dollar against 1,228 dollars on Friday night, and even recorded a lowest in more than two years to 1,225 dollar, continuing the subsequent stall the publication of figures from the employment in the United States.
For the record, the euro-dollar fell Friday in announcing the creation of 321,000 non-farm jobs in the United States in November, while economists had expected that approximately 225,000 and an unemployment rate stable at 5.8%.
In light of this report, Natixis said he expected that “wage growth moderate returns in the medium term ‘, so that’ the Fed normalizes its interest rate policy from the mid 2015 ‘.
‘Many analysts expect the Fed to be stronger at the end of its meeting next week, which would enhance the prospect of mid-2015 for a first rate hike’ adds-on that Monday at IG.
The single currency suffers also from lower by Standard & Poor’s lowered its rating of Italy from ‘BBB’ to ‘BBB-‘, arguing that the weakness of the country’s economic performance undermining its ability to cope with its debt.
More bad news from the eurozone, German industrial production rose by only 0.2% in October, a rate two times less than that expected by the consensus, marking a slowdown from the previous month (+ 1.1%).
Always compared to Friday, the euro and the dollar will depreciate against the Japanese currency by 0.7% to 148.5 yen and 0.5% to 121 yen, while the return from Japan into recession was confirmed with a decline of 0.5% of GDP in the third quarter.