The euro fell against major currencies on Wednesday on a report that China was reviewing its euro holdings.
The Financial Times, without citing sources, said China was reviewing its holdings of eurozone debt in the wake of the crisis that has swept through the region's bond markets.
A couple of encouraging U.S. economic report drove stocks higher but failed to lift the euro. Worries persist about the debt crisis and weak growth outlook in the eurozone, analysts said.
The 16-nation single currency was also hurt by rising interbank rates and weak demand for German bonds. The three-month U.S. dollar London interbank offered rate, or Libor, which hit another 10-month high on Wednesday. An auction of 7 billion euros of five-year German government bonds drew the lowest demand since March 2008.
The euro bought 1.2192 dollars in late New York trading compared with 1.2332 dollars it bought late Tuesday. The pound fell to 1.4383 dollars from 1.4397 dollars.
The dollar fell to 1.0682 Canadian dollars from 1.0694 Canadian dollars, and rose to 1.1593 Swiss francs from 1.1570 Swiss francs. It fell to 89.94 Japanese yen from 90.11 Japanese yen.
In recent years, the "smart city" has gradually become a hot topic, give the public a expectation on better future city life. In the international arena, has been more than 200 "smart city" projects are being implemented. Some domestic cities are taking positive action, Shanghai put forward that take advantage of urban wisdom to building a smart city, Wuhan in October last year, has taken substantive steps to construct smart city, Ningbo in September 2010 to make a decision on building a smart city, then introduced five-year Action Platform for the smart city construction. The city has also been classified as hubs of the province to build a central hub "smart city system. Conform to the wave of smart city, develop intelligent industry in the city to promote the construction of “two districts six cities ", the first to build a moderately prosperous society of a higher level to benefit the whole people, should play an active role.
An "intelligent life", and "smart city" is closer to us
Last year, two reports on Zhejiang may not seem like much, but let us smell the atmosphere of "intelligent life", see the dawn of the "smart city".
The first report: Ningbo held the first China Intelligence Fair, provincial ministries tripartite signed a "smart city" pilot cooperation agreement. September 2, 2011, China's first smart city Expo - 2011 China Smart City technology and application products Exposition "held in Ningbo. Three days exhibition, 310 enterprises participate in the exhibition, 16 total investment of 6.5 billion smart city cooperation projects located in Ningbo.