汇率上升

2009年6月前，汇率上升主要是人民币升值造成的。

Until June 2009 appreciation was largely because of the stronger Yuan .

这样的调整意味着，核心国家的汇率上升将被抵消。

Such adjustments imply offsetting appreciation in core countries .

昨天，英镑对美元的汇率上升了。

Yesterday the pound strengthened against the dollar .

国际清算银行（bis）今日警告称，新兴市场经济体可能面临两难局面：要么允许其汇率上升，要么承担通胀明显加剧的风险。

Emerging market countries could face the dilemma of either letting their exchange rates rise or running the risk of significantly higher inflation , the bank for International Settlements warns today .

通胀下滑将部分抵消名义汇率上升的影响。

A nominal rise would be partly offset by lower inflation .

但是期货合约同时也消防了汇率上升的可能性。

But a forward contract kills off the upside possibility .

所有经济部门都受到汇率上升的影响。

All sectors of the economy suffered from the rise in the exchange rate .

现在也许是经济增长的前景，而不是产出的差异推动汇率上升。

Growth prospects , rather than yield differentials , may be driving exchange rates at the moment .

由于日元兑美元的汇率上升，日本的出口受到影响。

In Japan , exporters were hurt by a slightly rise in the yen against the dollar .

欧元兑美元汇率上升了14个基点，升至1欧元兑1.3806美元，从而导致美元指数下滑0.1%。

The euro is up 14 pips $ 1.3806 , causing the dollar index to slip 0.1 per cent .

其短期影响是，目的国实际汇率上升，经常账户赤字大幅增长。

The short-term effect is an appreciation of real exchange rates and soaring current account deficits in destination countries .

汇率上升引起物价上涨，直接带来购买力的恶化和消费疲软。

Rising prices caused by increases in exchange rates directly triggered off the deterioration of purchasing power and slumping consumption .

由于出口下滑，官员们希望阻止汇率上升，以保护本国经济免受更多损害。

As exports faltered , officials aimed to prevent exchange rates from rising to shield their economies from further pain .

这些国家不会希望本国货币兑美元汇率上升，因此也不希望美国净出口增加。

These countries will not be eager to appreciate against the dollar , and so allow for larger US net exports .

他对中国让其低估的汇率上升所带来的好处轻描淡写，但是后来又称中国无论如何必须这样做。

He downplays the benefits of China letting its undervalued exchange rate rise while arguing later that it must do so anyway .

过去一年来，日元兑美元汇率上升近三分之一，而日本出口下降了35%。

Over the past year , the currency appreciated by almost a third against the dollar ; exports fell by 35 per cent .

市场对选举结果反应平淡，欧元止住了连续四个交易日的跌势，兑美元汇率上升0.2%。

Markets reacted calmly to the election result with the euro snapping a four-day losing streak to gain 0.2 per cent against the dollar .

投票当天，日本货币日元对美元的汇率上升到15年来的新高。

The voting took place on a day that Japan 's currency , the yen , rose to a fresh 15-year high against the dollar .

他们以前曾允许人民币逐步升值：从2005年至2008年，人民币兑美元汇率上升了21%。

They have allowed a gradual appreciation of the renminbi before : its value against the dollar rose by 21 per cent between 2005 and 2008 .

这应会造成信贷扩张、需求过度、国内价格水平提高及实际汇率上升。

That should generate a credit expansion , excess demand , a rise in the domestic price level and an appreciation in the real exchange rate .

许多政府高层官员优先考虑的是，他们担心汇率上升对沿海出口行业的冲击。

At the top of the list for many senior officials is their fear of the impact of a rising exchange rate on coastal export industries .

于是欧元汇率上升，由于外国对美国政府债务持有需求的降低，美元利率将会迅速上调。

As the fall of the foreign demand to hold the US government debts arises , the interest rate of the US dollars soon rises rapidly .

此外，如果没有官方资本流出进行抵消，私人资本的大量净流入就会导致实际汇率上升。

Moreover , large net inflows of private capital will lead to an appreciation of the real exchange rates , unless offset by official capital outflows .

但是根据《经济学人》的计算，自2005年以来，中国与美国的实际汇率上升了近50%。

But China 's real exchange rate with America has strengthened by almost 50 % since 2005 , according to calculations by The Economist ( see chart ) .

与此同时，中国继续允许人民币升值&在过去4年里，人民币兑美元汇率上升约20%。

Meanwhile , China continues to allow the renminbi to appreciate – it has risen by roughly 20 per cent against the dollar in the past four years .

摩根士丹利报告的结论是，这些变化的影响将包括新兴国家实际利率上升、全球再平衡和新兴国家实际汇率上升。

The Morgan Stanley paper concludes that the impact of these changes will include higher real interest rates , global rebalancing and higher real exchange rates in emerging countries .

他表示，欧元贸易加权汇率上升6%的经济紧缩效应，大体上相当于官方利率上调一个百分点。

A 6 per cent trade-weighted rise in the euro had roughly the same economic tightening effect as a percentage point rise in official interest rates , he said .

而亚洲其它国家之所以也有吸引力，是因为这些国家的经济正在不断增长，利率较高，市场认为其汇率上升的可能性大于下降的可能性。

The other Asian countries are attractive because they are growing , their interest rates are relatively high and markets see their exchange rates as more likely to rise than fall .

他说：如果汇率上升，我们可能失去20%的企业，但我们应当有能力重新为工人安排更好的公司。

If the exchange rate goes up , we may lose 20 per cent of enterprises but we ought to be able to redistribute workers to better companies , he says .

央行购入外汇在短期内将引起汇率上升，但在长期内市场参与者理性预期的存在导致央行干预无效。

Purchasing foreign exchange will cause the exchange rate rises in the short term , but market participants owning rational expectations in the long term and will make this action invalid .