The US Trade Deficit Narrowed By &Nbsp; &Nbsp; The US Dollar Rose Slightly On Friday.

Beijing time on December 11th morning, Friday data show that

Because of the sell-off in the US Treasury market, the yield rose sharply, and foreign investors' interest in US dollar assets increased. The US dollar rose more than 1% this week against a variety of major currencies, such as the euro and yen.

While US Treasury yields continued to rise on Friday, macroeconomic news further raised the fundamentals of the US dollar exchange rate.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 80.097 points, or 0.04%.

The euro fell to $1.3230 on Friday, or 0.07%, while the US dollar against Japanese yen was 83.89 yen, up 0.14%.

The dollar index has risen 0.9% since last Friday, and has risen weekly by four weeks in the past five weeks.

The euro fell 1.6% against the dollar this week and the US dollar to the yen rose 1.7%, the best week since September.

Earlier Friday, US official figures showed that the trade deficit amounted to $38 billion 700 million in October, slightly below market economists' general expectations.

Some analysts pointed out that the increase in US exports in that month will greatly enhance the expected economic growth this quarter.

"This is a very strong data showing that the recent weakening of the US dollar will be positively driven by the overall economic situation," an analyst at Toronto's Dow Ming bank said in its report on Friday.

We believe that net trade volume will be an important supporting point for economic activity this quarter. "

Another independent report pointed out that import prices jumped more than expected in November, indicating that import inflation is on the rise.

The Reuters and University of Michigan consumer confidence index at the beginning of December reported 74.2 points, compared with the November final value of 71.6 points have an expected growth.

In the Asian trading session earlier on Friday, China's official data showed that imports and exports exceeded economists' general forecasts.

This result has greatly improved overseas growth expectations and stimulated investors' preference for risky assets relative to the US dollar.

In November, Dan Green Haas, chief strategist at Miller Tabb, a dealer, pointed out in a report on Friday, "the improvement of data in the year is an excellent phenomenon.

This shows that global demand is still very healthy.

Other analysts pointed out that this data also exerted greater pressure on Beijing, requiring them to tighten monetary policy further and allow the renminbi to continue to appreciate.

In fact, the Chinese government has begun easing restrictions on RMB appreciation in the near future to ease inflationary pressures.

However, a number of data show that inflation has been relatively stable since most of last month.

Similarly, some analysts believe that relatively light trading volume may cause the currency to narrow the range of exchange rate changes, or to magnify the actual effect of any exchange rate changes.

"In the last few weeks of this year, holidays will come in many countries," said John Kirk Wright, a currency analyst at the foreign exchange trading company in.

This means a lot of clearing pactions in the market, and a sharp drop in investor participation in the market.

The exchange rate of other major currencies, the British pound against the U.S. dollar closed at 1.5802 U.S. dollars, up 0.16%; Canadian dollar against the U.S. dollar was 99.12 cents, or 0.21%.