US Economic Data Wrestle With European Debt Crisis &Nbsp; &Nbsp; Dollar Exchange Rate Strengthened On Wednesday.

Beijing time on November 25th morning news, Wednesday announced a number of relatively favorable groups.

Earlier Wednesday, US labor department data showed that the number of first time applications for unemployment benefits fell last week.

Market expectations for the recovery of the US economy and the promotion of global economic growth have led investors to move towards high yield currencies and stock futures markets.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 79.79 points, or 0.14%.

The dollar index fell to 79.386 points earlier on Wednesday.

The euro fell to 0.47% against the dollar on Wednesday at $1.3314.

The euro slipped below the $1.33 mark earlier on Wednesday and is the first to break through this crucial position since the end of September.

The United States released a number of economic data before the Thanksgiving holiday on Thursday, including the Ministry of Labor report that the number of first time applications for unemployment benefits fell by 34 thousand to 407 thousand last week.

This is also the lowest level of the index over two years.

On the other hand, concerns about the continued spread of the eurozone sovereign debt crisis have continued to suppress the euro trend.

Casey, director of monetary research at GFT, emphasized in his mail on Monday that "hedge funds left the US dollar to help some commodity currencies recover some of their recent losses.

Considering the recent developments in Europe, the stability of the euro is the biggest achievement. "

The Australian dollar, one of the high yield currencies, closed 98.14 cents on the dollar on Wednesday, up 0.83%, while the Canadian dollar ended 98.79 cents, or more than 1.09%.

Andrew Wilkinson, a senior market analyst for interactive dealers, believes that "a variety of high-yield commodity currencies are driven by the good news of US employment.

Traders may be convinced that the euro zone sovereign debt crisis should not completely reverse global recovery. "

US stocks opened higher on Wednesday and continued to rise after the positive consumer confidence index was released. The Dow Jones industrial average rose more than 150 points in the end.

The consumer confidence index of Reuters and University of Michigan reached 71.6 points in November, the highest level since June.

The positive consumer confidence index and personal income and personal consumption both increased, almost offset the shortage of new home sales data and durable goods orders in October.

On Wednesday, the European business confidence index was the highest since the two German unification.

This great advantage provided strong support for the euro, limiting the further decline of the euro.

However, investors are worried that the economic decline of euro zone countries, like Portugal and Spain, will completely offset Germany's growth.

Meanwhile, the U.S. dollar against Japanese yen closed at 83.63 yen on Wednesday, up 0.58%.

On Tuesday, armed conflict broke out between South Korea and North Korea, and the Japanese yen fell sharply against the US dollar.

However, there was no news of worsening events on Wednesday, and the yen trend was stable.

The pound traded against the US dollar at $1.5762 on Wednesday, down 0.13%.