这是由于老牌强国——美国，欧洲国家，日本——与需要强势货币来反映它们的活力的新兴国家之间的错位。
It is a mismatch between the old guard - US, Europe, Japan - and the new powers that require stronger currencies to reflect their dynamism and growing wealth.
随着美国、欧洲和日本这些国家进口开始放缓，新兴国家向这些地方的出口会更加疲软。
Exports to America, Europe and Japan will weaken further, as imports in those big markets start to shrink.
新兴国家的股票市场表现不同于美国及日本，它们在去年8月就摆脱了亏损。
Equity markets in emerging markets, unlike those in America and Japan, shrugged off their losses last August.
新兴国家的股票市场表现不同于美国及日本，它们在去年8月就摆脱了亏损。
Equity markets in emerging markets, unlike those in America and Japan, shrugged off their losses last August.
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