At that time, the main currency for Carry trade was Yen as its exchange rates were pretty low then. Many bids for those trades were Australian dollar and New Zealand dollar.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

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Since power is bought through competitive bidding, Berliner said, Mirant would lose out on bids if its prices weren't low enough.

既然能源是通过竞争出价得到，贝陵尔说，那么如果电价不足够低的话，迈朗公司将会失去这些订单。

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But small auctions can lead to low winning bids, and thus less profit.

此外，小型拍卖会导致中标价过低，利润从而减少。

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Even the low bids, though, would have allowed Ed to make a nice profit on the deal.

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"Most sellers are pretty strong, and low bids are easily ignored, " says Taylor.

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And because many contractors have submitted low bids for work, they could be more likely to issue change orders that could bring them more money for unforeseen work.

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