The Euro Fell To A Six Month Low Against The Dollar.

2011/9/10 16:45:00 50

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Euro versus US dollar (1.3656, -0.0228, -1.64%)

exchange rate

Friday fell to its lowest level in six months, and the yen exchange rate rose. The reason is that the German government is preparing to support the banking industry, and the credit swap default contract shows that Greece has a 90% chance that it can not meet the conditions for its loan assistance.

On the same day, the yen rose against the euro because the Greek government officials said that the country was committed to "fully fulfilling" its aid agreement, but investors still sought to buy yen as a hedge asset. The euro exchange rate declined, mainly because the market speculated that the ECB would weaken a plan, resulting in financial difficulties for banks to make use of the emergency funds from the European Central Bank.

The US dollar index has been the highest weekly gain since May 2010 because Barack Obama yesterday announced a total of $447 billion in employment plans for Barack.

Up to 17:00 pm Eastern time (5:00 Beijing time 10), the euro fell to 1.6% against the dollar, to $1.3656 per euro, after falling to $1.3627 per euro, the lowest level since February 22nd.

In this week's trading, the euro fell by 3.9%, the highest since July 2010.

Decline

。

The yen fell 0.1% against the dollar to 77.61 yen per dollar, after a 0.5% rise.

The yen rose 1.5% against the dollar to 105.99 yen per euro, hitting its highest level since January 2001.

The Intercontinental Exchange's US dollar index rose second consecutive trading days to 77.199 points, or 1.3%, after hitting 77.276 points, the highest level since March 11th.

In this week's trading, the US dollar index

Up 3

.3%, the highest weekly gain since October 2008.

Among other major international currencies, the Norway kronor fell against the US dollar to 5.5465 kronor per dollar, after hitting the 4 week low of 5.5512 kroner per dollar in Norway.