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The Swiss Franc Supported The Euro &Nbsp; &Nbsp; The US Dollar Fell On Thursday.

2010/12/24 9:39:00 42

Swiss Franc Euro Exchange Rate US Dollar Index

Thursday morning, Beijing time, on Thursday.

Swiss Franc

The new trend supports.

Euro exchange rate

The US dollar fell against the euro.

Meanwhile, the US dollar to Japanese yen continued to expand the previous decline.


However, because Thursday is the last trading day before Christmas holidays, the exchange rate remains relatively low, and the range of the euro exchange rate remains relatively narrow.

It also helped the dollar maintain a weekly gain against the euro.

Some analysts pointed out that a number of macroeconomic data on Thursday gave quite a complicated signal, and the US dollar could hardly get a clear direction.


At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 80.47 points, or 0.33%.

The index stayed at 80.80 at the opening of Thursday.

US dollar index

It has risen 0.1% this week and 3.4% in a year.


The euro traded against the US dollar at $1.3112 on Thursday, up 0.09%.

The euro has fallen 0.6% against the dollar this week, down 8.5% this year.

The euro fell against the US $1.20 mark in June 2010, the first time since 2006.


The US dollar was 82.90 yen against Japanese yen, or 0.80%.

The dollar has fallen 1.2% against the yen since the beginning of this week, and has fallen by 11% since the end of November, the lowest level since 1995.


Michael Wolf J, a senior currency analyst at Mellon bank in New York, pointed out: "on Thursday, the volume and liquidity of the market were only 1/4 of normal value, and continued to decline sharply after the London market closed.

This makes the foreign exchange price sensitive to the response to the stop loss directive. "

The stop loss instruction is triggered when the price breaks through a specific level, usually accompanied by a large number of selling pactions.

Wolf J pointed out that this probably explains that the euro jumped against the US dollar after the euro rose against the Swiss Franc exchange rate.


The euro fell to its lowest level this week against the Swiss franc, but rebounded by 0.89% on Thursday, to 1.2581 Swiss francs.


Earlier Thursday, the US Department of labor data showed that the number of first-time applications for unemployment benefits fell last week. According to the Ministry of commerce data, durable goods orders fell by 1.3% in November, higher than market expectations, while personal spending and income rose slightly in November. The last important report on Thursday showed that the number of new home sales increased in November, but still less than market expectations.


"These reports indicate that the growth of the US economy in the past few months is expected to continue," said Milan Moore Ray Ince, analyst at Bank Securities Division of Canada's Dominican Republic.

All indicators show that the US economy will accelerate growth in the fourth quarter and GDP growth will reach 3%.


During the European trading session on Thursday, there was news that Germany was ready to put forward a new euro area stabilization fund plan, and the French Statistics Department announced that, in the wake of car sales, the country's personal spending rose 2.8% last month.


On the other hand, the rating agency Fitch has announced that it will reduce Portugal's AA- sovereign rating to A-.

Analysts pointed out that Portuguese government bonds traded for a long time at a level far below official interest rates.

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