风雨飘摇环境下的美元汇市

USD market in financial turmoil

在次贷危机日益恶化的背景下,美元不跌反升,出人意料。面对美国经济和信心再次转弱的可能,此次美元反弹与其说有基本面的支持,不如说靠技术面的推动。美元汇率大幅波动给世界经济带来冲击。美国政府的更迭,总是伴随各项政策的变动,从而引发美元的波动。为了避免对全球产生不利影响,美国当局有责任确保美元汇率的基本稳定,促进世界经济尽快走出衰退阴影。

Against the backdrop of the intensifying subprime crisis, it is abnormal for the US dollar to rise when it is expected to fall. Given the chance that both the US economy and market confidence may go into recession, the rise of dollar, therefore, is driven by technical factors rather than fundamentals. The wild movement of the dollar exchange rate impacts on the world economy. A regime change in the US nearly always brings about adjustments in policies, which, in turn, lead to dollar fluctuations. To prevent repercussions around the globe, the US administration should be obliged to ensure the overall stability of the dollar. This will ensure that the world economy leave the shadow of recession as soon as possible.