But in our view, the immediate impact of Fed policy changes on the dollar is primarily driven by the impact of those policy changes on risk absorption.

但是，我们认为，美联储政策变化对美元的直接影响主要是被这些政策变化对风险化解能力的影响所推动的。

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German banks are at risk of continued asset deterioration as the crisis grows and the global economy slows, and they have limited-loss absorption capacity to face a stress scenario.

FORBES: German Banks Don't Have Enough Capital To Face A Severe Downturn, Moody's Says