Ireland'S Greek Problem Fermented &Nbsp; &Nbsp; Dollar Exchange Rate Rose On Monday.

Beijing time on November 16th morning, on Monday, investors on

The yield of US Treasury bonds has risen steadily in recent weeks, making the attraction of treasury bond investment more attractive, and also a benign support for the US dollar exchange rate.

By the end of the foreign exchange market, the US dollar index for tracking six major currencies was 78.60 points, up 0.67%.

The index once reached 78.665 points, the highest level since early October.

Chris Volcker, currency strategist at UBS, believes that as the EU finance ministers' meeting will be held tomorrow, the sovereign debt market will continue to raise expectations of Ireland's prompt acceptance of external assistance.

Investors' attention is mainly focused on the euro area debt problem, and the US dollar exchange rate is relatively stable on Monday.

The euro fell to 0.69% against the US dollar at 1.36 US dollars.

The euro fell to $1.3570 in intraday trading against the US dollar, only slightly above the lowest level since late September on Friday.

The US dollar against Japanese yen reported 83.03 yen on Monday, up 0.73%.

Since the Federal Reserve announced the two round of quantitative easing measures, the US dollar rose to 1.8% against the yen, and the pound fell to 0.49% against the dollar on Monday at $1.6066.

During the weekend to Monday, it was reported that Germany and several EU countries were asking Ireland to request external assistance as soon as possible so as to avoid the country.

Some analysts pointed out that the bigger problem now is that even if Ireland accepts the aid, investors will still point out that the debt burden is too heavy or the financial system is in a difficult position, such as Portugal and Spain.

A Lope Chatterjee, Barclays Capital currency strategist, said: "the problem of financial stability in Ireland and the possible spread of the euro zone crisis require a financial solution to be released as soon as possible.

The Irish statement may temporarily stabilize the market, but fears that the overall crisis will continue to burn will not disappear in the near term. In the medium term, the market is expected to continue to suppress the euro trend.

On the other hand, the European Bureau of statistics has upwards adjusted the forecast value of the Greek government's deficit to GDP. The new forecast is 15.4%, and the previous forecast is 13.6%.

The Greek government adjusted the ratio down to 9.4%.

Analysts pointed out that if this goal can be achieved, it will be a significant progress made by the Greek government to ensure financial stability.

Out of concern about the euro zone issue, the US dollar index rose 2.5% after the US Federal Reserve announced a new round of quantitative easing in early November.

Some analysts pointed out that bond dealers had overbought treasury bonds before the Fed statement, which could explain the recent sell-off of the Treasury market in recent weeks.

Greg Anderson, a senior currency analyst at Citigroup, said: "if the yield of US Treasury bonds continues to rise, it will drag the US dollar further higher.

However, we must note that the Federal Reserve's treasury bond procurement project has just officially started last Friday.

There is no doubt that the impact of treasury bond purchases will take some time to reflect the yield of treasury bonds, and the trend of the US dollar exchange rate will also be weakened.