Spanish translation: para evitar la revaluación de sus monedas
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16:00 Sep 6, 2006
English to Spanish translations [PRO] Finance (general)
English term or phrase:to keep their currencies from appreciating.
The US has lapped up cheap finance to fund its appetite to spend. Asian governments have until now been keen to satisfy this appetite, in order to keep their currencies from appreciating. But all investors have their limits.
If new official flows to the US were to be curtailed, the dollar would plunge, creating a huge hole in the accounts of central banks holding dollars.
“The risk exposure for Asian central banks is already great,” concluded Matthew Higgins and Thomas Klitgaard of the Federal Reserve Bank of New York in a recent paper.