The dollar also fell against the Swiss franc, a traditional safe haven, until the Swiss National Bank intervened in the market to bolster the American currency.

美元对瑞士法郎也下跌了，后者被认为是一个传统的保险天堂，除非瑞士国家银行干预市场，抬高美元。

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Under those circumstances, we could see collapsing emerging market currencies, a currency-led tightening of US monetary conditions and an American recovery that all too quickly melts away.

在那种情况下，我们可能看到新兴市场货币崩溃，美国货币环境因汇率因素所致的紧缩，以及很快烟消云散的美国经济复苏。

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Chinese enterprises entered the market and bought the American currency in large amounts late in the day.

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In the currency market, the prospect of a potential American default also remained the main consideration.

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Last year the market was short of dollars because investors needed the American currency to meet their liquidity needs.

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