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00:43 Aug 3, 2004
English to Chinese translations [PRO] Bus/Financial - Finance (general)
English term or phrase:exchange rate movements against the US dollar
The surge in profits reflected improved economic growth led by the US, whose banks continued to lead the way in terms of profitability. A marked improvement in business confidence in 2003, following two years of uncertainty and caution, provided the basis for an exceptionally good year for banks, and exchange rate movements against the US dollar further strengthened non-US banks in the listing.