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[2011.05.04] 四十年的伤痛

2011-5-7 08:11| 发布者: Somers| 查看: 4744| 评论: 4|原作者: eastx

摘要: 美元已经跌到迄今为止的最低点
汇率

四十年的伤痛


May 4th 2011, 14:26 by The Economist online

美元已经跌到迄今为止的最低点


美元最近的下跌再创新低。图表显示了经过贸易加权之后(也就是与该国的贸易伙伴)美元的名义汇率。现在的汇率指数比1970年代布雷顿森林体系(Bretton Woods system)被弃用时的低了30%,而且自1985年以来已经少了一半,当时世界几个主要国家采用了广场协议(Plaza Accord)来压低美元。当美元在2008年金融危机期间吸引避难的流动资本之时,曾出现过反弹,但是现在看来,那只是40年下降过程中的昙花一现。一个国家的货币贬值对于该国的出口商来说是好消息,但是这并未阻止美国一贯的贸易赤字。而且美国的债权人不得不面对一个毫无吸引力的组合,即以一个贬值货币持有低收益国债。



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本文由译者 eastx 提供 点击此处阅读双语版

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引用 yannanchen 2011-5-6 04:10
The dollar falls to its lowest value yet 美元尚未跌到最低点????

评论: 与最高级连用, 这个yet 表示迄今为止。
所以不是:美元尚未跌到最低点, 而是:  美元已经跌到迄今(为止的)最低点
引用 yannanchen 2011-5-6 04:20
the nominal exchange rate, in trade-weighted terms (ie, against the country’s trading partners). 经过贸易加权之后(也就是与该国的贸易伙伴)美元的名义汇率

评论:经过(用美国与其贸易伙伴之间的)贸易量加权之后的美元的名义汇率
引用 yannanchen 2011-5-6 06:14
The Trade Weighted Index, also known as the effective exchange rate, is a multilateral exchange rate which is a weighted average of exchange rates of home and foreign currencies, with the weight for each foreign country equal to its share in trade. It measures the average price of a home good relative to the average price of goods of trading partners, using the share of trade with each country as the weight for that country.

The trade weighted index is an economic instrument used by economies to compare their exchange rate against those of their major trading partners. Those trading partners that constitute a larger portion of an economy's exports and imports receives a higher index. The trade weighted index is used to make a complete comparison between one economy's currency and other currencies it interacts with. It is a much more comprehensive analysis than comparing two currencies, for example, the Australian dollar and the United States dollar.

The interpretation of the effective exchange rate is that if the index increases, the purchasing power of that currency is higher (the currency strengthened against those of the country's or area's trading partners). A lower index means that the currency depreciated (devaluation) so that you need more of that currency to pay for imports.
引用 BEC高级 2011-5-14 15:02
yannanchen 发表于 2011-5-6 04:10
The dollar falls to its lowest value yet 美元尚未跌到最低点????

评论: 与最高级连用, 这个yet 表示 ...

学习了,谢谢

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