It isn’t that scandals may be causing the dollar to sinkbecause the greenback was overvalued anyway

丑闻也不会导致美元贬值，因为无论如何美元价值已经过高了。

A wallet full of greenback is found on the train.

火车上发现有一个装满美钞的钱包。

||1:The obvious difference is that in 1971 America was locked into a system of fixed parities.||2:By pegging to the dollar, a currency was automatically fixed to everything else.||3:Since July 2008 China has pegged the yuan to the greenback .||4:But over that period its currency has swung up and down against those of its trading partners and competitors.||5:On a trade-weighted basis the yuan is back to where it was when the financial crisis started.||6:Indeed, compared with China’s emerging-market competitors in its big export markets, the yuan is about 12% more expensive today than it was before the collapse of Lehman Brothers, according to a measure (the “third-country” effective exchange rate) calculated by the Hong Kong Monetary Authority.

||1:今昔最明显的差别是，在1971年时，美国和其他国家的货币是采用固定汇率制。||2:任何一个货币，只要对美元挂钩，就会自动的与其他货币挂钩。||3:自2008年7月以来，中国维持人民币与美元挂钩。||4:但是，在同一段时间里，人民币与其贸易伙伴和竞争者的货币，在汇率上却有着上下的摆荡。||5:以交易额加权平均数为基准来看，人民币的币值和金融危机开始时相差不多。||6:根据香港主管货币机构编纂的一个指数(“第三国家”实际汇率)，中国比起其出口上竞争的新兴国家，确实在币值上比雷曼兄弟倒闭时升值了12%。这个指数也指出，中国的货币比2005年的水平要升值了25%。

Optimists see the stronger dollar as a simple means to export America’s recovery elsewhere; but that too is more complicated than it first looks.|| The greenback is certainly on the rise, fuelled by faster growth and the prospects of tighter monetary policy from the Fed.|| On a trade-weighted basis, it is up 6.3% since July, and is at a six-year high against the yen and two-year high against the euro.It looks likely to go higher: dollar surges tend to stretch over several years.

1:乐观主义者将强势美元视为有利于世界其他地方恢复对美国的出口，但这一点也比表面上更复杂。||2:由于经济快速增长和美联储更为紧缩的货币政策，美元确实在走强。||3:经过贸易加权计算，美国经济自从7月以来增长了6.3%，美元兑日元处于6年来的高位，兑欧元处于2年来的高位。||4:而且看起来美元将在未来几年内还会继续走高。

In Big Mac terms, the Mexican peso is undervalued by a whacking 55.9% against the greenback .

根据巨无霸汉堡的角度看，墨西哥比索兑美元比率竟被低估55.9%之巨。

Burgernomics gets to grips with a strong greenback .

汉堡经济学发现美元走强。

As it became clear that Mr Trump would win the election, the greenback fell against rich-country currencies, such as the euro, yen, Swiss franc and pound, as investors sought a haven from policy uncertainty in America.

就在特朗普会赢得大选变得明朗起来的时候，由于投资者想要寻求一处远离美国政策不确定性的避风港，美元对欧元、日元、瑞士法郎和英镑等富裕国家的货币一度大幅下跌。

In 1987 the G7 changed stance at Louvre and pledged to support the falling greenback .

1987年，G7在卢浮宫改变立场，承诺为不断下跌的美元提供支持。

Since July 2008 China has pegged the yuan to the greenback .

2008年7月以来，中国维持人民币和美元挂钩。

The yen has a history of weakening against higher-yielding currencies while firming versus the greenback in such situations.

从以往历史来看，在这种情况下，日圆兑高收益货币走弱但兑美元走强。

But there are two serious threats to a bet against the greenback .

但赌美元下跌会有两个重大风险。

But if the economy slows more sharply than expected, their enthusiasm for the greenback will shrink.

但是如果经济放缓的速度比预期更为迅速，他们对美元的热情将会减少。

But it makes perfect sense if you see gold as an alternative currency to the dollar, rising when the greenback declines and vice versa.

但是如果你将黄金看成是美元的一种替代货币则完全合乎情理，当美元贬值时金价上升，反之亦然。

But some economists are forecasting further falls in the greenback .

但一些经济学家预测，美元汇率将继续下跌。

As long as the currency is rising against the greenback , however, Mr Paulson might consider that to be Brussels’ and Tokyo’s problem

但只要人民币兑美元汇率持续升值，保尔森就可能认为，这只是欧盟和日本政府的问题。

But Zoellick said the greenback ’s status could be under threat from the growing strength of the Chinese yuan and the euro.

但佐利克表示，美元的地位正受到实力不断增强的人民币和欧元的威胁。

Currently, the yuan is pegged to the greenback at approximately 6. 83 yuan per U. S. dollar.

当前，人民币以大约6.83元兑换1美元的比率盯住美元。

Its dollar peg, backed by a currency board, made perfect sense when the yuan was also tied to the greenback .

当人民币也盯紧美元时，由货币发行局支持的港元货币紧盯政策相得益彰。

The first was that only the treasury secretary talked at length about the greenback .

第一，只有财政部长才大谈美钞；

To many people the supremacy of the greenback in commerce, commodity pricing and official reserves cannot be sensible.

对于大多数人来说，美元在商贸、商品定价及官方储备中所占据的主导地位也不合理。

For those who think that nothing can displace the greenback as the world’s reserve currency, Hong Kong comes as a shock.

对于那些认为没有谁可以取代美元成为世界储备货币的人而言，香港令人震惊。

Over the past fortnight, the Australian dollar has recovered 9 per cent against the greenback .

过去两周内，澳元兑美元汇率已回升9%。

So might a rising dollar: commodity investments offer a hedge against a depressed greenback .

或者还会使美元升值：商品投资为对冲美元贬值提供了套期保值的方法。。

Even upbeat U. S. economic data such as a 10 percent rise in existing home sales failed to support the greenback on Monday.

即便有美国成屋销售增长10%等乐观数据出炉，周一也未能支撑美元。

The Canadian dollar continued to climb, touching parity with the American greenback for the first time in nearly two years.

加元汇率持续攀升，达到与美元持平的水平，而这是近两年来首次出现的状况。

The Canadian dollar continued toclimb, touching parity with the American greenback for the first time in nearlytwo years.

加元继续攀升，达到了近两年来第一次和美元持平。

Establishing more bilateral transactions may also reduce the build-up of dollar assets and reduce reliance on the greenback .

建立更多的双边交易，可能也会减少美元资产的累积，并降低对美元的依赖。

After falling as low as 77 American cents during the recession, the Canadian dollar has now returned to rough parity with the greenback .

经济衰退期间，加元对美元汇率跌至77美分之低，而现在已经重新回复到和美钞大致对等的状态。

And at the recent Group of 8 summit, both China and France called for an end to the greenback as king of currencies.

就在最近召开的G8峰会上，中国和法国都已呼吁“绿纸头”（美元）的货币之王地位应当被终结。

For instance, Beijing would like to reduce its dollar holdings, given the greenback ’s dismal performance.

举例来说吧，北京十分希望减轻他美元储备，考虑到美元现在可怜的表现。

greenback inflation

美钞膨胀