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US Economic Data Were Strong &Nbsp; The US Dollar Rose 0.20% On Thursday.

2011/1/21 8:41:00 57

Foreign Exchange Market Economic Data USD Exchange Rate

On Thursday morning, Beijing time, on Thursday, concerns about the euro zone sovereign debt crisis eased, but fears of tighter monetary policy in the world's second largest economy still disrupted most market optimism.

economic data

It promoted the upward trend of the US dollar against several major currencies, especially the yen and the pound.

Kathy lien, director of GFT monetary research, points out that the US economy is on the right track and investors are buying dollars, hoping that the situation will continue.

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foreign exchange market

The US dollar index, which tracks the six main currencies, reported 78.80 points, or 0.20%.

The euro rose to 0.04% against the US dollar at $1.3471, and the euro remained close to US $1.35 before the US economic data was released.

The pound fell to 0.43% against the dollar on Thursday at $1.5911, while the US dollar rose to 1.13% on Thursday against 83.03 yen.

US dollar exchange rate

The labor department began to rise after last week's employment report.

Data showed that last week, the number of initial jobless claims decreased by 37 thousand, the total number of 404 thousand people, more than the market analysts generally expected.

Another report shows that US housing sales in December were better than market expectations, with an increase of 12.3% in annulus and 5 million 280 thousand in the number of annualized units, up from 4 million 880 thousand expected by the market.

In Europe, reports said German officials said on Wednesday that they were still considering a plan to allow Greece to carry out a real debt restructuring.

The plan includes the use of the European financial stability fund to purchase Greek bonds from the two tier market.

But both German and Greek finance ministers denied the news.

According to reports from the Wall Street journal, Spain plans to issue 3 billion euros ($4 billion) of treasury bonds to save its troubled savings banks.

The Spanish government plans to raise up to 30 billion euros to complete the work through a series of issuing bonds.

Meanwhile, China released strong economic growth figures on Thursday, causing widespread market concern. Beijing will take measures to tighten the money supply and cool down the overheated economy.

Other currencies are highly sensitive to the economic signals from China. The Australian dollar, usually regarded as a market risk appetite index, closed 98.81 cents against the dollar Thursday, down 0.92%, while the US dollar rose 0.19% against Canadian dollar at 0.9972 Canadian dollars.