Whichever shows trend of depreciation, countries can abandon the currency; whichever demonstrates trend of appreciation, countries can buy in the currency.

哪种货币出现贬值趋势，各国即抛弃这种货币；哪种货币具有升值趋势，各国则购入这种货币。

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Now with the appreciation of the Chinese currency, it makes the situation worse.

现在随着人民币的升值，形式更加严峻。

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So far a lot of the media focus has been on the appreciation of China's currency.

迄今为止，媒体主要关注的一直是人民币升值问题。

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Couple that with the stealth appreciation of the currency and gains resulting from a looser peg could prove elusive.

FORBES: Corporate America's Multi-Billion Dollar Currency Problem

For the buyers, obtaining a higher interest rate than is available from bank deposits, as well as the ability to purchase a yuan-denominated security and to benefit from the appreciation of the Chinese currency that many expect in the coming years are the main attractions of dim sum bonds.

FORBES: Dim Sum Anyone?

In New Zealand, the head of the central bank said the bank has intervened in currency markets to slow the appreciation of its currency, but admitted there was only so much it could do.

WSJ: Asian Governments Take Measures to Battle Strong Currencies