Day of decline for the Dollar against all currencies (-0.3% on average according to the Dollar Index at 95.93), except against the Turkish Lira (+7.5% to 12.80). The Euro recovered +0.3% towards 1.1340 (it climbed to around 1.1360), the Swiss Franc by +0.3% to 0.914.

The Pound posted +0.4% towards 1.3485/$, only the Yen rose marginally by +0.1% towards 114.9/$. The greenback seems weakened -despite US T-Bonds which show a yield of +7pts at 1.55%- after the publication of a US trade deficit which is now flirting with -$100bn according to an advanced estimate from the Commerce Department. The balance is negative at $97.8 billion for November 2021, compared to a deficit of $83.2 billion for the previous month.