US Treasury Yields Jumped &Nbsp; &Nbsp; The US Dollar Rose On Wednesday.

On Wednesday morning, Beijing time, on Wednesday, the US government and Congress reached a preliminary agreement on extending tax cuts during the Bush administration.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 80.04 points, or 0.23%.

The euro fell to 0.03% against the dollar on Wednesday at $1.3258, while the pound rose to 0.34% against the US dollar at $1.5806.

The yield of US Treasury bonds has maintained an upward trend in the past two trading days, leading to a sharp fall in the price of treasury bonds.

Analysts are generally worried that this will cause investors less enthusiastic about this week's treasury bond auctions.

On Tuesday, the Treasury's three year Treasury auction failed to respond to market expectations.

Citigroup currency strategist Greg Anderson believes that "the yield of high treasury bonds should help a variety of currencies that are highly sensitive to the yield of US Treasury bonds."

The most sensitive currency for US Treasury yields is the yen.

The US dollar against the yen rose to 84.01 yen on Wednesday, or 0.63%.

President Obama defended his agreement with Republicans on tax cuts on Wednesday.

Some economists have pointed out that this agreement will play a positive role in the prediction of economic growth next year.

Stephen Gallo, head of market analysis at Schneider Foreign Exchange Trading Co., said in the report that the agreement increased the risk of further expansion of the federal budget deficit, which is usually a disadvantage to the US dollar.

The report stressed, "I do not know why investors have not taken into consideration what is happening in the euro area and what problems the United States may face in the future.

If we do not take measures to alleviate long-term financial risks, we will suffer a major blow. "

On the other hand, the new austerity budget in Ireland is partly constrained by market expectations on Tuesday when the market is expected to pass the first session of Parliament.

Bank of Paris analysts said in a report on Wednesday, "because the market has anticipated the adoption of the budget, there will be limits to any Euro rebounding caused by such information."

In other currencies, the Canadian dollar rose to 0.13% cents against the US dollar, while the Australian dollar closed at 97.99 cents, or 0.25%, against the US dollar. 98.97.