The birth of Euro can challenge the centrality of the US dollar in Europe, activate the sales of European monetary market, improve the association of the international finanical market in Europe, sitimulate the development of Asian monetary market, and also can intensify the competition of European monetary market.
文摘：欧元诞生后，会挑战欧洲美元的核心地位，会活跃欧洲货币市场的交易，促进欧洲地区国际金融市场的联合，刺激亚洲货币市场的发展，同时也会加剧欧洲货币市场的竞争。
China and Japan, with other Asian countries holding substantial surplus reserves, should act now to create an Asia bond to contain the fallout from a weak dollar.
中国和日本，以及其它拥有大量盈余储备的亚洲国家，应该现在就采取行动，创建一种亚洲债券，以遏制美元疲软的影响。
The portfolio underperformed the benchmark 50% HSBC Asian High Grade Dollar Bond Index/ 50% HSBC Asian High Yield Dollar Bond Index for January.
基金1月份落后50%汇丰亚洲高级别美元债券指数50%汇丰亚洲高收益美元债券指数。
Asian currency appreciation was led by the Korean won, Indonesian rupiah and Singapore dollar, respectively.
亚洲货币升值最多的分别是韩圜、印尼盾及新加坡元。
Mr Obama's Asian critics will still complain that he is not doing enough to ensure the long-term health of the dollar.
奥巴马在亚洲的批评人士仍会抱怨，他在确保美元的长期健康方面做得不够。
Washington's claims to back a strong dollar are falling on increasingly skeptical ears as many Asian central banks regularly sell their currencies for dollars to prop up the U. S.
美国政府支持强势美元的言论面临着越来越多的怀疑声音，很多亚洲国家央行正定期抛售本币兑美元，以提振美元汇率。
Yip enterprises in the Far East in 2000 invested more than 10 million Hong Kong dollar and key Asian freshwater pearl production base and the development of a joint venture to develop high-quality pearl powder as medical, health and beauty three major projects, Through the European EUROFIN/ATS and the Hong Kong test test qualified, suitable for cosmetic skin care materials, cosmetics products in line with U. S. FDA standards, which ANNETTE Pearl whitening skin care series is independent from the huge design, technology, laboratory tests and the production department is responsible for all products Quality inspection departments have been strictly monitoring, all products manufactured in Hong Kong and packaging, plant, production, equipment, facilities full compliance with the World GMP standards.
叶氏远东企业于2000年投入资金一千多万港元与亚洲重点淡水珍珠生产基地合资共同开发及研制高质量珍珠粉作为医疗、保健及美容三大主要项目，通过欧洲EUROFIN/ATS及香港测试检定合格，适合作为美容护肤原料，产品符合美国FDA化妆品标准，其中ANNETTE珍珠美白护肤系列是独立由庞大设计、技术、化验测试及生产部门负责，所有产品均经质验部门严格监控，所有产品在香港制造及包装，厂房、生产、设备、设施完全符合世界GMP标准。
If in recent several years, I wants to return to the files immediately the opportunity at present, believed this time period Japan's performance really does not acclaim by, no longer is several year ago situation, saw rises slowly Japan economy 225 indices to 10000 spots, pours into one to investor's confidence to inspire the morale the strong heart needle, indeed Japan is the present Asian stock market has not been fallen most to the very deep area, will look like this wave Japan's tidal current also to start to enter the stock market to return warm, no longer will be the topicality which panic does not want to look, you will buy was the initial dollar valuation, therefore also could not feel that kind of double's profit satisfies, if initially purchased Japanese Yen valuation in other places, is also the extra profit, I only may say that in the world to has not favored looked the difference the investment, has a change slightly, will dump tray successfully.
如果是在最近几年的话，我想马上回档的机会就在眼前，相信这阵子日本的表现真的赞叹不以，不再是好几年前的情况，看到日经225指数缓缓上升到10000点，对投资人的信心注入一股提振士气的强心针，的确日本是目前亚洲股市当中最没有被跌到很深的地区，看来这波日本的潮流也会开始进入股市回温当中，不再是令人恐慌不想看的地区性，你买的是当初的美金计价，所以还感觉不出来那种加倍的获利满足，若是当初在其他地方购买到日圆计价的话，也算是额外的获利，我只可以说天底下没有绝对看好看差的投资，稍微有个变化，就会翻盘成功。
Mr. Rosgen warns a resurgence of the U. S. dollar has historically coincided with down years in Asian markets.
乐志勤警告称，从历史上看，美元反弹总是与亚洲市场多年的低迷同时发生。
The Bush administration, eager for anything that could help reduce unemployment before next year's elections, has all but abandoned the strong-dollar policy of the Clinton administration and pressured Asian countries to let their currenc ie s appreciate against the greenback.
多年以来美国制造商一直在抱怨强势美元削弱了出口竞争力。在明年大选之前，面对着如此高的失业率，布什政府所能做的就是放弃前任的强势美元政策，并敦促亚洲国家让自己的货币升值。如果中国和日本允许自己货币更加自由的浮动，许多人预测美元还会继续跌。
Recent global financial crisis is spreading to the Asian market, study its root causes lies in the fact that in previous years have been surrounding the ultra-low Japanese Yen interest rates and the depreciation of U. S. dollar, making the world`s hedge funds have borrowed days of the yen and the dollar volume, turn into a strong interest rates, economic growth and the exchange rate even more significant in emerging economies strong money market or capital market, reap rich sets interest rates, arbitrage, arbitrage income, such arbitrage model in recent years has been the core of an international hedge fund business.
最近全球金融危机蔓延到亚洲市场，研究其根本原因在于，在过去几年已在事实上围绕超低日元利率和美元贬值，使世界的对冲基金借入日元和美元的天量，成为一个强大的利率反过来，经济增长和汇率更重要的新兴经济体的强劲货币市场或资本市场，获得丰富的套息，套汇，套利收入，近年来，这种套利模式已成为国际对冲基金业务的核心。
The greenback was hit on Friday by comments from Wu Xiaoling, the deputy governor of the People's Bank of China, who said in an academic paper that the dollar's recent decline increased the depreciation risk for Asian reserve assets.
中国人民银行(People's Bank of China)副行长吴晓灵上周五发表的一份学术报告对美元构成压力。吴晓灵在报告中表示，作为主要储备货币的美元汇率持续走低，增加了东亚储备资产的贬值风险。
However, with the Asian financial crisis, the international hot money started to attack the Hong Kong dollar, the Hong Kong Monetary management by surprise, in the Hong Kong dollar exchange rate with the dollar exchange rate linked to circumstances, can only enhance the overnight call market rate.
然而，随着亚洲金融危机，国际游资开始攻击港元，香港金融管理的惊喜，在港元汇率与美元汇率挂钩的情况下，只能提高隔夜拆借市场利率。
Regarding four kinds of exchange rate coordination mechanism Dollar Standard, Yen Bloc, the BBC rule and the AERM, we should select the BBC rule. In order to realize the East Asian regional currency integration, we can build three parallel monetary Sub-clusters which maybe a more feasible solution.
对于钉住美元制、钉住日元制、BBC规则和AERM四种可选的汇率协调方式，作为一种次优选择应该选取BBC规则；对于东亚区域货币单一化，可行的方案是采用多重货币区的方式实现。
China's maintenance of a de facto peg against the US dollar during the Asian crisis caused a realignment of exchange rates in the Asian region.
亚洲金融危机时期中国实行事实上的盯住美元制度，同时亚洲各国的汇率水平进行了重新调整。
This thesis mainly focuses on theexchange rate system in the near future, due to the tremendous differences in politics, social, historical and financial aspects between Asian countries and areas. The author describes the background and the latest development of EACC andthe contents in different stages in chapter one, and discusses the theoretical bases tochoose the proper exchange rate system in chapter two. In chapter three, the authormainly examines the actual conditions of eastern Asia by demonstration and construesthe dilemma for developing countries when choosing a proper exchange rate system. And the analysis results show the disharmonization between the heavily relying onAmerican dollar in currency and relying on Japan in economy and trade. In thefollowing chapter four, the author studies the realistic choice of eastern Asianexchange rate system by qualitative analysis and quantitative analysis compositively. And in the quantitative analysis procedure, game theory is the main research tool. Theauthor exercises the Cournot Model to solve the equation for Nash Equilibrium underthe in-cooperative and cooperative situations. And at the last chapter, the authorevaluates the eastern Asian currency cooperation model, Chinese status and actions in IIEACC and brings forward some suggestions for China to participate in EACC.
本文首先分析东亚货币合作的背景及最新进展，以及东亚货币合作过程中各阶段的内容，第二部分论述汇率制度选择的理论依据，接下来的第三部分采取实证分析的方法着重分析东亚汇率制度的现状，结果表明东亚各国货币上倚重美元与其贸易、投资和外债上倚重日本之间不协调，并分析东亚发展中国家汇率制度选择的困境，第四部分重点探讨东亚汇率制度的现实选择，综合运用定性分析和定量分析两种方法，在对亚洲汇率制度进行定量分析中，博弈分析是一个主要的研究工具，运用库诺特模型对其进行分析，以求得在非合作与合作的条件下纳什均衡解，文章的最后一个部分主要分析东亚货币合作的模式以及中国在东亚货币合作中的地位和作用，并提出中国参与的对策。
In 2002, Japanese scholars proposed the exchange rate system (AERM) and the design of Asian Dollar, led the preparation of Asian Currency Unit (ACU) in 2006, hope to form the region in the future based on the exchange rate coordination mechanism.
2002年日本学者提出亚洲汇率制度（AERM）和亚元的设计，2006年主导编制亚洲货币单位（ACU），希望以之为依据在将来形成区内汇率协调的机制。
Another possible explanation is that the signals from all three financial markets are being distorted by petrodollars and Asian central bank reserves pouring into dollar assets.
另一种可能的解释是，由于石油美元的存在和亚洲各国央行储备涌入美元资产，上述三个金融市场的信号正被扭曲。
As the global financial crisis drove a flight from risk over the past six months, many Asian nations aggressively deployed reserves to slow their currencies'slide against the dollar, which had aggravated the inflationary impact of high prices for fuel and other commodities.
过去6个月，随着全球金融危机推动了避险行为，许多亚洲国家都在积极利用外汇储备来放缓本币兑美元的贬值步伐，加剧了燃油和其他大宗商品居高不下的价格带来的通胀效应。
If the US high yield market suffers, the Asian US dollar high yield market is likely to register the impact.
如果美国高收益债券市场形势不好，亚洲美元高收益债券市场很可能会受到冲击。