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Growing expectations that a fresh round of quantitative easing looms in the US and Singapore’s decision to tighten monetary policy sent the dollar to multiyear lows against several Asia-Pacific currencies.
有關(guān)美國將開始新一輪定量寬松貨幣政策的預(yù)期日益高漲，外加新加坡決定收緊貨幣政策，導致美元兌亞太多國貨幣匯率跌至多年新低。
Thursday’s demand for the currencies – which also contributed to a stock market rally – adds to the dilemma facing the region’s fast-growing economies, which face pressure to allow their currencies to appreciate and fear that surging inflows could destabilise their economies.
周四對亞太貨幣的需求也是股市反彈的原因之一，這種需求讓亞太地區(qū)快速增長經(jīng)濟體面對的兩難局面進一步惡化。這些經(jīng)濟體面臨要求其允許本國貨幣升值的壓力，同時又擔心資金流入激增會破壞本國經(jīng)濟的穩(wěn)定。
The dilemma stems from an intensifying dispute between the US and China, with the former calling for faster renminbi appreciation, and the latter blaming US monetary policy for potentially destabilising flows into emerging markets. The situation is set to be further complicated should the US move forward, as expected, with what has been dubbed QE2, which would release even more liquidity, much of which could end up in Asian emerging markets.
這種兩難局面源自美中兩國日益激化的分歧，美國要求人民幣加速升值，中國則指責美國的貨幣政策有可能造成大量資金流入新興市場，破壞當?shù)氐慕?jīng)濟穩(wěn)定。如果美國如外界所預(yù)期的實施第二輪定量寬松貨幣政策（即所謂的QE2），事態(tài)勢將進一步復雜化。QE2將釋放出更多流動性，其中相當大部分可能流入亞洲新興市場。
“It’s basically the dollar getting destroyed,” said Christian Carrillo, a strategist at Société Générale.
“這基本上是美元被逐漸摧毀的過程，”法國興業(yè)銀行(Société Générale)策略師克里斯蒂安•卡瑞羅(Christian Carrillo)表示。
The Reserve Bank of India has intervened in the foreign exchange market at least three times during the past fortnight to prevent the rupee appreciating against the dollar, including on Thursday, traders said.
交易商表示，過去兩周里，印度央行(Reserve Bank of India)為防止印度盧比兌美元升值，已經(jīng)至少三次干預(yù)匯市，其中包括周四的一次。
Duvvuri Subbarao, governor of the Reserve Bank of India, said in Washington last week that there were occasions when it might have to intervene in the foreign exchange market if capital flows disrupted the economy.
印度央行行長杜武里•蘇巴拉奧(Duvvuri Subbarao)上周在華盛頓表示，在某些情況下，如果資金流動擾亂了經(jīng)濟形勢，印度央行可能不得不對匯市進行干預(yù)。
