Instead, he stressed that strengthening the yuan now would have a more dire impact than in 2005, when Beijing revalued the local unit by 2.1% then gradually appreciated the currency.

相反，他强调现在让人民币升值会造成比2005年更可怕的影响。当时，北京让人民币一次性升值2.1%，然后让其逐渐升值。

youdao

SO, CHINA's currency has appreciated against the dollar.

人民币对美元升值了，这很好。

youdao

SO, CHINA's currency has appreciated against the dollar. That's good.

人民币对美元升值了，这很好。

youdao

Although the currency has appreciated since mid-March, renewed weakness is possible, and the effect of a collapse in the value of the rupiah (not our central forecast) would be to lower the spending power of most Indonesians.

ECONOMIST: Indonesia's robust economy continues to grow

The ongoing fiscal discipline needed for a common currency to work in Europe was appreciated, but probably not sufficiently.

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Scandinavian countries and Switzerland are probably the only true AAA nations left, but their economies are not big enough for them to field reserve currencies, and in fact Switzerland is trying to devalue its currency, as its exporters are hurting from the highly appreciated Swiss franc.

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