Ireland'S Debt Crisis Eased &Nbsp, &Nbsp And Dollar Exchange Rate Setbacks On Thursday.

Beijing time on the morning of November 19th,

On the same day, Spain's successful auction of 10 - and 30 - year treasury bonds and the strengthening of the overall market risk appetite also helped the euro's rally.

However, analysts also pointed out that there are still a lot of uncertainties about Ireland's aid program, while other euro zone countries.

The euro traded against the US dollar at $1.3634 on Thursday, up 0.78%.

Close to the foreign exchange market, tracking a package of six main currencies.

The pound traded against the US dollar at 1.6044 US dollars, up 0.85%.

The National Bureau of Statistics reported on Thursday that retail sales rose by 0.5% in October.

Patrick, governor of the Central Bank of Ireland, said Thursday that after talks with the European Union, the European Central Bank and the International Monetary Fund, Ireland is likely to eventually accept hundreds of billions of Euro aid.

Ireland's finance minister also said for the first time that Ireland welcomed the aid program aimed at the financial industry alone.

Catherine, director of Forex.com research, points out that the aid plan may come true to help the euro rebound from less than US $1.35 earlier this week.

At the same time, the euro exchange rate also benefits from the weakening dollar exchange rate.

If the Irish government does not have a formal statement before the end of the week, she said, "market uncertainty will last another week.

In our view, this will severely suppress the vitality of the foreign exchange market. "

At the same time, many analysts believe that once the outcome of the Irish problem has been achieved, no matter what the result is, investors will turn to other euro zone countries with similar problems, including Portugal and Spain.

Steven, England currency strategist at Citigroup, wrote in the report that "the final statement of the Irish issue may be mainly related to the relevant issues of the financial sector, rather than the financial situation of the Irish government.

It can be said that the biggest fear of the market has not been lifted.

Investors will not be convinced that the aid plan will not help the rest of Europe. "

On the other hand, the US dollar to yen exchange rate continues to be active. Market participants believe that the Bank of Japan is likely to intervene at any time according to instructions from Tibet.

Japan's Tibet Autonomous Region has repeatedly said that it will intervene in the market if necessary and stop the yen's appreciation. It has maintained the US dollar to yen exchange rate above 80 yen in recent weeks.

The US dollar rose to 0.26% on Thursday, to 83.45 yen.

Naomi Fink, currency strategist at MITSUBISHI UFJ bank in Tokyo, believes that "a large number of overseas speculators are eager to challenge the determination of the Tibet Autonomous Region and help us to test the yen's low 79.75 yen against the yen exchange rate."

"But the problem is that the market's expectations of the Fed's quantitative easing policy are much higher than that of the real plan," she said in an e-mail commentary on Thursday.