Currency
in sentence
4390 examples of Currency in a sentence
China allowed the
currency
to appreciate 35% over time.
But the fact remains that it is mostly impossible to tell whether a
currency
is overvalued or undervalued.
A necessary condition for concluding that a country is manipulating its
currency
is that its authorities are intervening in the foreign-exchange market.
China is not a party to the TPP, but Japan is, and many congressional critics cite it as the target of their insistence that provisions to prevent
currency
manipulation be included in the deal.
The yen has depreciated sharply over the last year, and some US economic interests, particularly the auto industry, accuse Japan of manipulation to keep the
currency
undervalued.
The euro, too, has depreciated significantly against the dollar over the last year, and some US trade critics want provisions to prevent
currency
manipulation added to the TTIP.
Critics who accuse Japan and other countries of
currency
manipulation presumably know that they have not been intervening in the foreign-exchange market in recent years.
If monetary expansion does not merit the charge of
currency
manipulation, still less do other sorts of economic policies.
The mere fact that a particular policy might weaken the
currency
does not make that country a manipulator.
Whether one considers the accusations of
currency
manipulation against the US in 2010, its trading partners in 2015, or a future defendant, designating some trade agency to rule on them would merely cause trouble.
On the contrary, accumulating reserves beyond a certain threshold carries a high opportunity cost and suggests the need to let the
currency
appreciate.
Especially with regard to financial and
currency
issues, the EU has a strong institutional base – the euro as a common currency, the European Central Bank, and the binding budget and debt criteria of the Maastricht Treaty.
But even if he could, a strong greenback is not necessarily good for his policy objectives; nor is the exchange rate even an accurate measure of the currency’s true strength.
Finally, one must remember that short-term movements in foreign-exchange markets are no way to judge a currency’s underlying strength.
Longer-term trends in how a
currency
is used internationally – particularly as a store of value for foreign investors or central banks – are far more telling.
For decades, no
currency
has been more widely used than the dollar.
It implies that the US can kick the can down the road as long as the dollar remains the world’s preeminent reserve currency, and America offers the best safe haven for skittish capital owners.
The viewer never learns much about the outside world, much less in what
currency
the advertised goods are traded.
Is the US dollar still dominant, has the Chinese renminbi taken over, or has some other
currency
surged to global preeminence?
But, as was the case with the British pound in the interwar period, a
currency
can remain globally dominant even after its issuing country loses its economic, financial, and geopolitical hegemony.
Today, too, the world should expect the US dollar to remain the key reserve currency, used to invoice and settle international trade, for a long time to come.
And, in recent years, the Chinese leadership has led a concerted effort to fulfill that ambition, especially by internationalizing China’s
currency.
One reason for the renminbi’s continued weakness in international finance is that, despite considerable progress since 2010, it remains a half-baked international
currency.
Instead, they have pursued a cooperative approach to reform of the international monetary system, which they argue should not be dependent on any one
currency.
Already, China has been experimenting with the development of offshore renminbi markets in key financial centers, as a way to overcome its currency’s limited liquidity.
Whether because of the intrinsic weakness of China’s international finance or an understanding that a truly international
currency
must be more market-driven than the government-controlled renminbi could be, not even China expects the age of renminbi diplomacy to arrive anytime soon.
This caused the
currency
to lose 98% of its value in the last three years.
The ratings agencies are threatening additional downgrades; others envision an eventual breakup of the euro and/or demise of the dollar as the global reserve
currency.
EMU: Risky But Worth ItSTOCKHOLM: Europe is now preparing for a new
currency
- the euro.
Advocates of EMU argue that adoption of a single
currency
will have many positive effects, both at the micro and the macro level.
Back
Next
Related words
Would
Countries
Which
Dollar
Their
Single
Global
Common
Trade
International
Economic
Reserve
Financial
Exchange
Markets
Country
Monetary
Other
Foreign
Policy