Ireland Crisis Temporarily Relieved &Nbsp; &Nbsp; Dollar Exchange Rate Fell On Friday.

On Friday morning, Beijing time, there were rumors on Friday.

Some analysts pointed out that rumors of Ireland, the total amount of up to 80 billion euros ($109 billion 100 million) aid plan has been negotiated.

However, the rumors of the Irish finance minister denied that the euro resumed its upward trend.

RBC, a senior analyst at fixed income and monetary strategy in capital markets, believes that the possibility that Ireland is seeking external assistance will help solve some market concerns.

This is not the best news for the eurozone, but at least some market uncertainty has been eliminated. "

The euro rose to 0.24% against the dollar on Friday at $1.3694.

The euro traded at $1.3777 on Friday and fell to less than $1.36 during the European trading session on Friday.

The euro rose by 0.10% and 0.53% against the Japanese yen and the Swiss franc, to 112.88 yen and 1.3390 Swiss francs, respectively, to 84.82 pence against the pound, up 0.09%.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 78.11 points, or 0.14%.

The US dollar traded against Japanese yen at 82.43 yen, down 0.15%, and the pound gained 0.15% against the US dollar at 1.6145 US dollars.

Market analysts believe that many EU countries issued a statement saying that even if Ireland was forced to accept external assistance, the holders of Irish debt would not suffer losses.

This statement played a great role in stabilizing market sentiment.

Dankuk, chief executive of the IG market, said: "at least, the statement has temporarily relieved the risk of another sovereign debt crisis."

But he also pointed out that the long-term disadvantage of the decision is that it may lead to a moral crisis.

He explained, "if the debt issuing countries know that they will be saved anyway, there will always be people who are hurt in a zero sum game.

This is a fuel for the already tense atmosphere among the eurozone member states.

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On the other hand, the statement after the closing of the summit of G20 group leaders failed to bring any changes to the foreign exchange market.

The joint communique called on the market to set monetary exchange rate and gradually adjust trade imbalance, while condemning protectionism.

Daniel Hui, senior foreign currency strategist at HSBC, said: "it is no plan to plan a plan.

The agreement says that it is far from enough to regulate trade imbalance with a set of guidelines that are not yet formulated, which is totally useless for correcting unilateralism in monetary policy and capital flow policy.

According to his prediction, emerging market countries will continue to tighten their money in their own way, whether it is raising interest rates or restricting capital inflows or other ways.

This will further reduce the risk appetite of the market and support the US dollar at least until the end of this year.

Kate Jean Kos, head of foreign exchange analysis at Societe Generale, is directly criticizing that the statement is more like blurring differences and even reducing the possibility of actual actions.

"No indicators, no mandatory imbalance assessment decisions can not solve any problems.

When the dust settles, the renminbi will appreciate at the speed of just making American politicians happy, and the United States is still saying that quantitative easing is not a real depreciation.

In fact, the Fed purchased the first purchase plan for treasury bonds today in the second round of quantitative easing measures.

In the earlier Asian trading session, rumors of a possible increase in interest rates in China suppressed commodity futures prices, investors' risk aversion rose, and Asian stocks sold to safer assets.

Australian dollar, which was more affected by commodity futures prices, closed 98.55 cents on Friday, down 1.09%.