The euro quickly became a major international currency: the euro bond market soon came to rival the dollar bond market; euro bank notes began circulating around the world.

很快，欧元成为主要国际货币之一：欧元债券市场迅速成为美元债券市场的竞争对手；欧元钞票开始在全世界流通。

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Whatever the official exchange rate at a changeover, the new currency would quickly find a market level against the euro and other currencies.

不管官方的汇率是多少，新货币应该迅速做好与欧元和其他货币相区分的市场价格定位。

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As Banks became more and more averse to lending, the supply of dollars available to the currency market shrank, and the dollar gained against other currencies such as the 15-nation euro.

由于银行越来越惜贷，致使现金流通市场中美元供应紧缩，美元对诸如15国统一货币——欧元等其他货币在升值。

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The value of euro banknotes in circulation and the market for euro-denominated securities already rival the dollar, a long-established currency backed by a single nation-state.

ECONOMIST: The gains outweigh the losses