Risk Aversion Drives &Nbsp; &Nbsp; Dollar Exchange Rate Strengthened On Friday.

The euro fell to 0.85% against the dollar on Friday at $1.3242.

The euro fell to $1.3199 earlier on Friday, the lowest level in two months.

The Portuguese government and EU officials denied the reports of the German Financial Times on Friday.

Reported that the European Central Bank and most euro zone countries require Portugal to take the initiative to apply for assistance as soon as possible, in order to avoid expanding the crisis and squeeze Spain out of the credit market.

However, the denial of reports by the two sides has not helped to reduce yields on Spain, Portugal and Ireland.

The yields of the Three Kingdoms bonds continued to rise on Friday, increasing the financing costs of the three countries.

Among them, investors demand for the Spanish 10 year treasury bond yields on German bonds to reach 2.6% of the EU's record highs.

By the end of the foreign exchange market, the US dollar index for tracking six major currencies was 80.38 points, up 0.65%.

The US stock market closed Thursday for Thanksgiving holiday and shortened trading hours on Friday.

The US dollar closed at 84.10 yen, up 0.59%.

"Today's price changes reflect that investors continue to seek refuge in US dollar assets, pushing up the exchange rate of the US dollar against a variety of major currencies," Casey lien, director of monetary research at the global exchange trading company, said in a customer report on Friday.

Also on Friday, Portuguese Parliament, as expected, passed the 2011 budget.

The budget has increased more austerity measures, hoping to reduce the budget deficit to GDP by 9.3% from 2014 to 3% before 2014.

The attraction of the US dollar is also boosted by tensions on the Korean Peninsula.

Reported that South Korea's Defense Department is investigating the armed conflict three days ago.

The DPRK side strongly condemned the joint military exercises between South Korea and the United States.

"The dollar and the Swiss Franc will benefit from the market's continued concern over the euro zone sovereign debt crisis," said Brown Brothers Harriman Ltd monetary analysts in a Friday report. "The US dollar and the Swiss Franc will continue to rise along with the increasing confrontation between the DPRK and the Korean Peninsula."

On Friday, the US dollar rose to 1.077% against the won of 1153.95 won, and the pound fell to 0.95% against the US dollar at $1.5614; the US dollar rose to 0.14% against the Swiss Franc at 1.0017 Swiss francs.