The Dollar is building a more bullish recovery against the Euro which could have strengthened. On the inflation side, the risk of deflation seems to be ruled out. The Dollar maintains its rise and tests the 1.2020/E (+0.35%). Robert Kaplan and other Members of the Fed were already predicting a reduction in the pace of the Fed's monetary injections when the U.S. economy begins to extricate itself from the health crisis regime. The monetary glut that generates bubble phenomena is the basis of these estimates.
Note that the 'bubble' diagnosis is not yet validated and that the 'QE' of $120 billion/month ($80 billion in Treasury bills, $40 billion in securitized debt) will have to be continued.
Following the publication of less alarming gdp figures than expected in the Eurozone, Eurostat estimates that economic activity contracted by 0.7% (and by 0.5% in the EU), compared to the previous quarter. The score would be -6.8% 'only'.
In addition, consumer prices in France would increase by 0.6% in January 2021 after being stable the previous month. Forex analysis announces figures above 0.2% (the $ grabs 0.2% against the Yen and the Swiss Franc and it consolidates -0.3% against the Canadian Dollar, to 1.2610).