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Currencies in sentence

1239 examples of Currencies in a sentence

But, of course, this can only function smoothly if exchange-rate fluctuations between its members’ currencies have been eliminated.
Still, the basicprinciples of sound monetary and fiscal policies, low inflation,and stable currencies must take root and a "soft version" of theEMS may promote convergence.
Near-zero policy rates encourage “carry trades” – debt-financed investment in higher-yielding risky assets such as longer-term government and private bonds, equities, commodities and currencies of countries with high interest rates.
Since early 2002, the dollar has fallen by one-third against major currencies, and recently this decline has intensified.
Since the end of August, when Fed Chairman Ben Bernanke argued for another round of QE, the dollar has plunged more than 7% against a basket of half a dozen major currencies.
Prior to the adoption of the euro, an unsustainable balance-of-payments position in Italy (as in other countries with their own currencies) would typically spur the central bank to raise interest rates, thereby making domestic financial assets more attractive to investors and stemming capital flight.
Central Banks in countries facing a run on their currencies may also decide to allow a depreciation and let the markets chart the exchange rate’s course, rather than trying to “defend” some predetermined parity.
BERKELEY – Since December, when the US Federal Reserve began tapering its monthly purchases of long-term assets, emerging-market currencies have fallen across the board.
Americans, by contrast, thought that Japan and Germany were artificially holding down their currencies’ value in order to get an unfair advantage for their politically powerful export industries.
The third major challenge is using PPP estimates, measured in national currencies, to convert survey data into global poverty estimates that account for cost-of-living differences between countries.
The IMF’s proposed guidelines recommend that countries deploy capital-account regulations only as a last resort – that is, after such measures as building up reserves, letting currencies appreciate, and cutting budget deficits.
Back then, pegging the renminbi to the dollar pushed down China’s real effective exchange rate, because the dollar was losing value against other currencies, such as the euro, sterling, and yen.
But this time, with the dollar appreciating against other major currencies in recent months, the relatively fixed rate between the dollar and the renminbi has caused China’s currency to strengthen in terms of its real effective rate.
The exchange rate measures the relationship between at least two currencies, whose values are based on the productivity and domestic balance of their respective national economies.
As long as the US remained competitive and productive, currencies that were pegged to the dollar benefited considerably.
First, in 1971, the US terminated the dollar’s convertibility to gold, opening the way for the emergence of a new exchange-rate regime, based on freely floating fiat currencies.
Throughout this period, McKinnon argued that, by forcing America’s trade partners to bear the burden of adjustment, the dollar’s predominance leads to “conflicted virtue”: surplus countries like Japan, Germany, and China faced pressure to strengthen their currencies, at the risk of triggering deflation.
But stronger emerging-market currencies in the 2000’s would likely have led to earlier rebalancing toward domestic demand.
At the same time, the currencies of countries that chose not to intervene became targets of speculative inflows, owing to the expectation that they would appreciate.In other words, spillovers occurred not only between advanced and emerging economies, but also among emerging economies.
But that requires a willingness to resolve the so-called Triffin dilemma – the conflict between long-term international interests and short-term domestic interests that issuers of reserve currencies confront – by running increasingly large current-account deficits that enable the US to meet global demand for liquidity.
Is there a fundamental misalignment of the euro with other currencies (most notably the dollar) and how long might this last?
The pressure on China is, however, entirely consistent with the broader US policy of encouraging countries to allow the financial market to determine their currencies’ exchange rate.
The dollar has declined during the past two years against not only the euro but also against most other currencies, including the Japanese yen and the renminbi.
First, interest rates are higher on euro and British bonds than on similar US securities, making investments in those currencies more rewarding than investments in dollars.
In order to keep their currencies from appreciating, they bought dollars (thus accumulating foreign-exchange reserves).
But if the approach falters – whether because of incorrect sequencing or a surge of popular dissatisfaction – other countries will become even more hesitant to lift controls and fully liberalize their currencies.
On the contrary, the quick international acceptance of the euro as one of the world’s premier currencies, aided by the European Central Bank’s determination to keep inflation under control, indicates that the monetary project is going full steam ahead.
Germany, with its history of a strong deutsche mark and very competitive costs, likes the strong euro more than, say, its partners, France and Italy, which have histories of weak domestic currencies and non-competitive export costs.
It is small wonder, then, that investors desperately searching for yield have rushed into equities, commodities, credit instruments, and emerging-market currencies.
The currencies collapsed, and the banking sectors collapsed.
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