EU Resolution Disappointed Market; &Nbsp; &Nbsp; Dollar Exchange Rate Rose On Friday.

Beijing time on the morning of December 18th, European Union The summit of national leaders made a response to the future debt crisis on Friday. Policy decision Just satisfied. market Minimum expectations of participants; US dollar exchange rate Driven by a rally, it rose to the highest level since a month ago against a variety of major currencies.

Earlier Friday, German economic data showed that the country's business confidence index rose to a record high, indicating that the growth base of Europe's largest economy is strong.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 80.39 points, or 0.27%. The index rose to 80.625 points in the session.

The euro fell to 0.48% against the dollar on Friday at $1.3176, and fell to $1.3132 in intraday trading. The US dollar weakened against the yen after midday, the main reason being the narrowing of US Treasury yields. The US dollar to yen exchange rate is usually the most sensitive currency combination to interest rate, which reported 83.90 yen on Friday, down 0.15%.

The US dollar has risen second times weekly against the euro and yen this week.

The two day summit of EU leaders in Brussels concluded on Friday. The leaders agreed to set up a permanent crisis fund to replace the current operation of the aid fund, which will expire in 2013. This idea is basically the same as that proposed by the EU finance ministers' meeting last month. "This is almost nothing to do," says Paul burlunan, head of emerging markets at Guggenheim securities company. But he also acknowledged that the yield of Irish government bonds has exceeded 8%, including bank bonds, and the risk of investors has actually been compensated. "At present, Irish bonds yield at 7% or above is a very good deal. This is higher than the yield of Russian or Brazil bonds. " He stressed that ratings in Brazil, Turkey, Columbia and Mexico are relatively low, but yields on treasury bonds are also very low.

As for the support for the US dollar, the report of the National Bureau of economic services of the private research institute showed that the first economic indicators in November increased by 1.1%.

In the euro area, the German business environment index, released by the German Ifo Institute in December, rose from 109.3 points in November to 109.9 points, the highest level since the two German unification, which is higher than the 109.4 level expected by the market. But the support for the euro then disappeared. Kathy lien, director of GFT monetary research, points out that "when a limb is not healthy, a strong core is not a problem. As long as the euro sovereign debt crisis continues to disappoint investors, any rally in the euro will not last. "

Rating agency Moodie Investor Services announced Friday that Ireland's sovereign rating will be reduced by five. German Commerzbank analysts pointed out that although the decision was not unexpected, it also reminded market participants that the problem of peripheral countries in the euro area still existed. Some economists pointed out that the current EU summit did not propose any solution to the rising cost of borrowing in recent euro countries. Brad Barker Tell, managing director of Fallows trading company, said, "last night's statement did not help the euro's trend today. Yes, it seems that EU leaders finally agreed to put forward a "solution" to the current financial problems, but how to construct the scheme is still vague, and the problem of asset impairment has been pushed to the future.

The euro fell to a record low of 1.2717 Swiss francs on Friday against Swiss francs and closed at 1.2757 Swiss francs, or 0.13%.

The dollar index has risen 0.4% this week; the euro has fallen by 0.4% against the US dollar; the US dollar has risen 0.2% against the Japanese yen.

In a report on Friday, Paris bank analysts suggested that the bank's dollar exchange rate has changed somewhat due to the dynamic change in liquidity. "The dollar exchange rate has been sustained by the expectation that the US economic recovery will strengthen next year. The best way to profit from this change is through a long-term combination of US dollar to Japanese yen.

This year, the euro has fallen by 8%, while the US dollar has fallen by nearly 10% against the yen.

The pound traded against the US dollar on Friday at $1.5513, down 0.75%, and has fallen 1.8% this week, and has fallen 4% this year.