The yuan is still not a free-floating currency, and only seems to appreciate when tempers in Washington, DC, reach boiling point.
人民币还不是完全的浮动汇率,只有当华盛顿怒发冲冠时,才升值那么一点。
Though the yuan is still far from being a free-floating currency-the central bank has intervened since August to prop it up-the cost of such intervention is now higher.
然而人民币离成为自由浮动货币为时尚早——自八月以来中国央行开始进行干预支持,目前这种干预成本变得更高了。
Europe started a long process towards monetary union, via an exchange-rate mechanism, which resulted in a single and free floating currency 30 years later.
欧洲开始了通过一项汇率机制迈向货币统一的漫长过程,30年后,它们拥有了一种自由浮动的单一货币。
Europe started a long process towards monetary union, via an exchange-rate mechanism, which resulted in a single and free floating currency 30 years later.
欧洲开始了通过一项汇率机制迈向货币统一的漫长过程,30年后,它们拥有了一种自由浮动的单一货币。
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