With the dollar falling against the euro, Europeans are watching with alarm as their companies come up against an even greater Chinese currency advantage.

随着美元兑欧元的走软，人民币汇率给欧洲公司带来了更大的压力，欧洲也开始惊慌地关注起事态变化。

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America has the great advantage of issuing the world's reserve currency.

美国有一个巨大的优势是它发行世界储备货币。

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Its role as the world's reserve currency seemed an inestimable advantage when investors were unsure where they could safely park their cash.

当投资者不确定他们的钱放在哪儿比较安全的时候，作为世界储备货币的角色的美元似乎有一种不言而喻的优势。

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If the economy does recover as fast as the government hopes, the currency advantage now enjoyed by Europeans may disappear and the travellers with it.

ECONOMIST: Looking for an upside to the downturn

"We certainly can take advantage of currency strength in one location versus another, " says Chief Financial Officer Ronald Remick, who came over to K-Tron in 1999 from what was then known as Arco Chemical.

FORBES: Magazine Article

But as long as it remains in the single currency, Cyprus - like the rest of southern Europe - cannot gain a cheap international price advantage by devaluing its currency.

BBC: Cyprus's future: Is euro membership viable?