EU Leaders Summit Held &Nbsp; &Nbsp; Dollar Exchange Rate Fell On Thursday.

Beijing time on the morning of December 17th, Leaders of European Union countries Held in Brussels on Thursday. Summit Discussion and response Euro zone sovereign debt The solution to the problem is that the market has certain expectations for the introduction of a new mechanism to control the current crisis. Euro exchange US dollar exchange rate Narrowing the previous decline, the US dollar continued to decline against a wide range of major currencies.

Late Thursday, it was reported that the summit of EU leaders in Brussels had agreed to amend the Lisbon treaty that constrains the EU mechanism to establish a permanent mechanism to solve the sovereign debt problem. The euro rebounded sharply from its earlier crash. The euro fell to 0.05% against the dollar on Thursday at $1.3213.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 80.06 points, or 0.25%. The index had reported 80.19 points later on Wednesday.

For the euro, the focus of the market is still on the two day summit of EU leaders. The summit opens in Brussels on Thursday and will hold its first press conference after the closing of the US stock market.

Jane welfare, senior currency strategist at Holland Cooperation Bank, pointed out that "the trend of euro exchange rate on Thursday and the downgrade of Belgium's credit rating have been relatively isolated from Spain's warnings and the paralysis of Italy's government. This shows that the market is confident that the European economy and the monetary union will go through the sovereign debt crisis. " Welfare believes that the European Central Bank's emergency aid financing for euro zone commercial banks plus the European Union and IMF relief programs for Greece and Ireland provide an opportunity for the euro to resume its upward trend.

Brown Brothers Harriman Ltd strategist believes that it is unlikely that the conference will approve the launch of EU guaranteed bonds, and the chances of expanding the size of the current emergency aid fund or allowing the fund to purchase Euro bonds are not great. Mark Chandler, global head of corporate currency strategy, said: "the summit may agree to set up a new fund for the European Central Bank. However, we do not think there will be a clear and convincing solution to the debt crisis by the end of the year. This will be a big suspense of market trend next year. "

On Thursday, the Spanish government made a sharp rise in the last auction of treasury bonds this year, but not surprisingly high yield auctioned 10 - year and 15 - year treasury bonds. The euro rate fell once.

The focus of the money market also shifted to us economic data on Thursday. The Philadelphia fed manufacturing index showed an unexpected improvement in December. Meanwhile, the number of initial applications for unemployment benefits fell last week, and the number of new housing estates in November increased by 3.9%. Alan Ruskin, head of global strategy at G10 FX, Deutsche Bank, said: "these data are good for global growth prospects." He also pointed out that the rise of the US dollar also supported the increase in US Treasury bond yields. The rise in Treasury yields over the past few months has made the dollar more attractive to commodity futures, especially gold. "Positive growth figures will help the US dollar go higher, even for commodity futures assets."

On Thursday, the pound was 1.5605 dollars against the US dollar, or 0.35%. Figures from the office of national statistics show that retail sales rose 0.3% in November, slightly below market expectations of 0.4%.

The US dollar closed at 84.16 yen, or 0.17%.

The Swiss central bank announced on Thursday that it remains unchanged in key lending rates and decided to meet market expectations. However, the SNB warned that it was ready to take measures to curb deflationary threats if necessary. Economists say the Swiss central bank's statement shows that Swiss officials have deliberately intervened in the currency market to prevent further appreciation of the Swiss franc. The Swiss Franc fell 0.16% against the Swiss Franc on Thursday, 1.2766, against the Swiss franc, which fell by 0.10%, to 0.9662 Swiss francs.