The ECB'S Decision To Pull The Euro &Nbsp; &Nbsp; The Dollar Fell On Thursday.

Beijing time on the morning of December 3rd,

Mary Nicola, a bank analyst in Paris, believes that the strength of the euro against the US dollar is entirely driven by the market's concern about the ECB bond procurement project.

"The unexpected thing is that the European Central Bank has actually expanded the purchase quota, which is a great relief for the market," she said.

The euro rose to 0.56% against the dollar on Thursday at $1.3201.

At the same time, when the ECB press conference was held, the euro fluctuated against the US dollar and fell to the low level of $1.31.

The US dollar is also not stable against a variety of major currencies.

Thursday's data show that the US housing sales index in October has exceeded expectations, driving the expansion of market risk appetite.

Investors will shift more capital from general assets such as the US dollar and treasury bonds to stocks, crude oil and other high-risk assets.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 80.20 points, or 0.63%.

The European Central Bank announced on Thursday that the benchmark interest rate will remain unchanged at 1%.

The European central bank governor Tyse said at a subsequent press conference that the bank will continue to implement special liquidity measures for commercial banks in Europe until the first quarter of 2011.

Tyse also said that the ECB's procurement plan for sovereign debt would continue, but did not respond to rumors that the European Central Bank would expand the scale of purchases of Euro bonds.

Michael Wolf J, an analyst at Mellon bank in New York, said that "Trichet's speech initially depressed the euro dollar exchange rate, and investors expressed disappointment at the fact that the ECB did not buy more Euro bonds."

However, subsequent reports showed that the European Central Bank is still the largest buyer of sovereign debt in the euro, and the bank's procurement action has obviously helped to narrow the gap between German and national debt.

The euro then began to regain its strength.

Nick Stamm Covic, an analyst at RIA capital, said that although Trichet's speech was viewed as a disappointing signal by investors, the ECB actually helped the market ease its volatility.

In other currencies, the US dollar against Japanese yen closed down 83.96 yen on Thursday, down 0.27%, and the British pound traded against the US dollar at 1.5577 US dollars, down 0.26%.

US stocks rose on Thursday.

The upturn in the euro area's fiscal outlook has strengthened market optimism, with strong sales figures from several US retailers over the same period, helping the US stock index go higher in October when the home sales index was better than expected.