The Euro Weakened &Nbsp And The Dollar Continued To Rise On Tuesday.

On Tuesday morning, Beijing time, on Tuesday, Chinese Vice Premier Wang Qishan expressed support for EU's aid measures in the euro area. Euro Once pushed, it rose. But this round trend For a long time, the euro fell to the two week low against the US dollar in subsequent transactions. The dollar continued to maintain a variety of major currencies on Tuesday. Rally 。

Rating agency Moodie Investor Services announced on Tuesday that it would consider lowering Portugal's sovereign debt rating, and the market's attention to the euro zone sovereign debt crisis has increased again. US dollar exchange rate It has also been promoted to a certain extent.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 80.72 points, or 0.12%. The index fell to 80.243 points in early trading. The euro fell to 0.21% against the dollar on Tuesday at $1.3094. The euro rose to $1.3202 in the earlier Asian trading session, and then dropped to a low level of 1.3096 dollars in two weeks. On Tuesday, the Vice Premier Wang Qishan expressed appreciation for the EU and IMF's efforts to help the troubled countries in the euro zone to ease the financial market predicament. He said China hopes that this series of measures can be effective as soon as possible and help stabilize the situation in the euro area.

Andrew Wilkinson, a senior market analyst for interactive dealers, said: "in fact, China has taken resolute action to help the EU solve its current debt problem, mainly by buying Euro sovereign bonds with higher yields. However, the market generally interpreted Wang Qishan's speech today as the main lender of Beijing's possible final solution.

Analysts also pointed out that China's recent attitude may not be enough to trigger a shorting up operation, but that is enough to remind the market that the euro will still be affected by the escalation of the credit crisis. The decision of the rating agency Moodie investor service to put Portugal's sovereign rating on the watch list has further undermined the trend of the euro. At the end of Tuesday's trading session, another rating agency, Fitch international, announced that Greece's BBB- rating would be included in the list of demoted reviews, which means that the possibility of Greece's sovereign rating dropping to junk level is greatly improved.

Jeter Juncker, head of foreign exchange strategy at Societe Generale, stressed on Tuesday's customer report that "it seems a bit far fetched to say that China's fully armed white knight image" saved the world ". But the hint we got this morning is that China's attitude towards the euro (and perhaps the fact that it has a lot of euro assets) makes them very reliant on the euro, which is not easy to trigger a small rise in the euro.

But China's attitude to the eurozone bond market is limited. German Commerzbank data show that the cost of default guarantees for multinational bonds increased slightly on Tuesday.

The office of national statistics released public sector debt data on Tuesday. In November, total debt rose to a record high. Sterling fell to 0.27% against the US dollar at $1.5465. Hetal Mehta, an economist at Da ho capital market, said: "although the tax revenue has increased, the British government has not effectively controlled the increase in expenditure."

According to another report, North Korea said on Tuesday that it would allow United Nations nuclear inspectors to return to work in the country. The weakening of the Korean Peninsula crisis also encourages investors' risk appetite and puts money in the category of high-yield currencies. The US dollar against Japanese yen reported 83.77 yen on Tuesday, down 0.01%.

On the other hand, the decision of the Bank of Japan to maintain the current interest rate remains unchanged, and this decision is in line with widespread market expectations. Although the Bank of Japan has reiterated its view that its economy is moving towards moderate growth, it has cut down on the estimated value of Japanese industrial output.

In other currencies, the Australian dollar rose 0.30% on Monday, closing at 99.62 cents. On Tuesday, the Australian Central Bank released a summary of the talks on the central bank's decision meeting last month, which showed that the decision makers had considered raising the lending rate or adjusting the monetary exchange rate and other other monetary policy adjustments when deciding to maintain interest rates unchanged at 4.75%.