European Debt Crisis Intensified &Nbsp; &Nbsp; Euro Expanded On Tuesday.

Tuesday morning, Beijing time, on Tuesday, the market was right.

The euro fell to 0.65% against the dollar on Tuesday at $1.3034.

The euro fell to 1.30 US dollars against the US dollar, and it came to US $1.2967.

This is the first time that the euro has come to this position since September 15th.

The euro has fallen 6.8% since November, the worst month since May 2010.

In May, Greece was at the peak of its debt crisis.

Since 2010, the euro has fallen by 9.2%. It is likely that the euro will be the second largest annual drop since the birth of the single currency.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 81.35 points, or 0.63%.

The index has risen 5.1% this month, down 4.3% this year.

Tuesday's data show that investors have exceeded 3% of the yield difference between the 10 year Spanish government bonds and the benchmark German government bonds, the highest level since the birth of the euro in 1999.

Yields on bonds in Spain, Italy and Portugal also continued to rise.

Treasury yields usually vary with prices.

The rising yield means that investors' confidence in holding the Treasury bonds has declined.

Some analysts stressed that even Belgian Treasuries were implicated in market sentiment.

Valentin Marvin Andrianof, a foreign exchange strategist at Citigroup, said: "the recent market situation shows that there is almost no difference in the impact of euro zone sovereign debt.

The growing nervousness of the market has obviously interfered with the risk preference of investors, which has also exacerbated the speed of capital escaping assets priced in euros.

This is the trend we have seen recently. "

European Union officials set up an aid plan for Ireland on Sunday, while proposing a new permanent project to replace the Greek rescue plan proposed this spring.

The EU hopes to establish a permanent mechanism to require private bondholders to bear the corresponding investment losses in the possible debt crisis after mid 2013.

However, this measure is obviously not effective in appeasing the market, and the market has been increasing since Sunday.

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Michael, an analyst at CMC market, points out, "it is becoming more and more clear now that one of the possibilities of the final solution is to adopt a more stringent fiscal policy throughout Europe. Considering that most European countries are already implementing financial austerity measures, this road is not feasible. The only way is to restructure the euro system in order to reflect the differences between the relatively strong and relatively weak economies."

This expectation makes the European Central Bank increasingly becoming the focus of the market.

Officials in the bank are trying to accelerate the end of quantitative easing measures since the financial crisis in the euro zone.

The European Central Bank is still buying Euro bonds in the open market to stabilize financial markets, and investors will pay special attention to the outcome of the ECB's decision Committee on Thursday.

Brown Brothers Harriman Ltd analyst stressed in Tuesday's customer report, "as the situation becomes more and more critical, things that we never dare to mention before are also being considered.

Within the scope of ideology, under the constraints of laws and treaties, the ECB's quantitative easing may be one of the few ways out.

The foreign exchange analyst of the Credit Agricole Bank of Canada, Myrtle cotcha, said that the dollar exchange rate also benefited from the improvement of domestic economic data, except that the prospect of multiple currencies became blurred and investors began to escape high-risk assets.

The short-term trend of the US dollar exchange rate is quite positive.

Tuesday's data show that the domestic consumer confidence index and the regional manufacturing sector have improved.

According to the market survey, there will be a 155 thousand increase in employment in November, which will be released on Friday.

Cotcha said in particular that "the downward pressure on the yen will be limited in the short term. The strengthening of risk aversion and the narrowing of interest rates between US Treasury bonds and Japanese yen yields indicate that the upward trend of the US dollar to the yen exchange rate is accelerating."

The US dollar against Japanese yen closed 83.82 yen on Tuesday, down 0.53%, and has risen 4.1% since November.

However, there has been a 10% decline this year.

The pound traded against the US dollar at $1.5542 on Tuesday, down 0.14%.

Since November, the pound has fallen by about 3% against the US dollar, and has fallen 3.7% this year.