We think lower German interest rates in due course will allow European currencies to depreciate against the dollar bloc. 我们认为较低的德国利率到时候将容许欧洲货币相对于美元集团货币发生贬值。
But the dollar, euro and yen have become an imperfect exchange rate bloc. 但美元、欧元和日元不再是完美的外汇组合。
The other great casualty of the fed's blunder has been the global dollar bloc. 另一个美联储失策的大牺牲品是全球的美元集团。
Dollar bloc countries have slavishly mimicked expansionary US monetary policy, even in regions such as the Middle East, where rapid growth is putting huge upward pressure on inflation. 美元集团各国都盲目仿效了美国的扩张货币政策,甚至在经济快速增长对通胀造成巨大上行压力的中东等地区也是如此。
Regarding four kinds of exchange rate coordination mechanism Dollar Standard, Yen Bloc, the BBC rule and the AERM, we should select the BBC rule. 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;