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The Outlook For Us Economic Growth Is Good &Nbsp; The Dollar Exchange Rate Rose 0.39% On Tuesday.

2011/1/5 10:03:00 52

US Economic GrowthUS Dollar Exchange RateForeign Exchange Market

Earlier in the morning of January 5th, Beijing, earlier Tuesday, stronger than expected November factory orders data show

US economic growth

The prospect is good.

US dollar exchange rate

Driven by a variety of major currencies rose.


End

foreign exchange market

At the close, the US dollar index, which tracks a total of six major currencies, rose 79.43 at 79.43 points.


The euro traded against the US dollar at 1.3305 US dollars, down 0.37%; the US dollar to the yen was 82 yen, up 0.32%; the euro and the yen fell 109.10 on Tuesday to 109.10 yen.


According to the US Department of Commerce report, the number of factory orders in the US grew by 0.7% in November, much higher than the 0.1% increase expected by the market.

Statistics show that the US economic growth is showing a good trend.

Analysts also pointed out that, on the whole, the dollar will continue to fluctuate before the employment figures are released on Friday, December.


Eurozone data showed that the consumer price index of the 16 countries in the euro area grew by 2.2% in December and increased by 1.9% in November, according to the European Union statistics on Tuesday.

In December, the growth rate was higher than the 2% rate that the market generally expected, and for the first time since November 2008, it was higher than the European Central Bank's "close to but slightly lower than 2%" forecast value.


Higher than expected inflation rate may lead to the European Central Bank earlier than expected to take interest rate measures, to a certain extent to promote the euro.

However, some analysts pointed out that the data in December had little influence, and the initial data were not enough to show that prices were under pressure.

Energy, food and other commodity futures prices should be the main cause of rising consumer prices.


In other currencies, the pound rose to 0.65% against the US dollar at $1.5583, while Australia's latest purchasing managers' index was less than market expectations. The Australian dollar fell 1.10% against the dollar and closed at $1.0050.

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