Multiple Benefits Promoted &Nbsp; The US Dollar Rebounded Strongly On Wednesday.

Beijing time on the morning of November 11th, appeared on Wednesday.

However, with the US Treasury completing its last auction of Treasuries this week, the US stock index recovered earlier lost territory.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 77.65 points, or 0.27%.

The index hit 78.172 points, the highest level since the end of October.

The euro rose to 0.18% against the US dollar at $1.3778, and the euro fell to $1.3669 against the US dollar, the lowest price since early October.

The US dollar traded at 82.12 yen, up 0.49%.

"The most obvious phenomenon in recent trading days is the rapid development of the sovereign debt default crisis in the euro area," FxPro said in its report on Wednesday.

Portugal completed an auction of 1 billion 242 million euro ($1 billion 715 million) 6 and 10 year treasury bonds on Wednesday.

Analysts pointed out that the subscription rate of the 10 - year treasury bonds was very weak, while bond yields were much higher than previous auctions.

This reality strikes a great deal against market confidence.

Reported that the yield of the two groups of Treasuries exceeded 6%.

Brown Brothers Harriman Ltd analysts believe that the Portuguese bond auction shows that the euro area countries' financing costs are soaring, and the eurozone debt crisis will be re examined.

On the other hand, the US dollar exchange rate once expanded its advantage under the favorable macroeconomic data of the two groups.

The two groups of reports on the day showed that the number of initial jobless claims decreased more than market expectations last week, indicating signs of improvement in the job market, while the US trade deficit narrowed slightly in September.

Casey lien, director of monetary research at global currency trading company, said: "the two reports show that the US economy is developing steadily.

But improvements in the job market are good news for investors.

Meanwhile, the US dollar continued to suffer against the pound.

The latest quarterly inflation report of the Bank of England shows that there is no need for the UK to follow the trend of the Federal Reserve to launch new quantitative easing measures.

The pound fell to 0.86% against the dollar on Wednesday at $1.6116, while the euro was 85.49 pence, or 0.68%, against the pound.

The report said that the Bank of England policymakers maintained the annual inflation rate target of over 2% in 2011 and the target rate in 2012 was below 2%.

Although the report warns that the economic growth prospects are highly uncertain, the report has raised expectations for economic growth and said the Central Bank Committee is ready to adjust its policies in any direction according to the economic situation.

In the Asian trading session on Wednesday, the people's Bank of China announced that the reserve ratio of major major commercial banks should be raised to further slow down the economic growth rate.

China also released data that the trade surplus continued to expand in October.

This weekend, the group of G20 summit will be held in Seoul, South Korea.

Analysts generally have little hope for this round of meetings.

"The market looks very low for the upcoming meeting," FxPro analyst said in a Wednesday report.

There is a consensus that the system has collapsed, but how to repair it is noisy.

Everyone's first consideration is to try to maintain domestic economic growth so as to stabilize the domestic situation.