On that day Thailand ran out of foreign-exchange reserves trying to defend its currency from a huge speculative attack.

那一天，泰国为抵抗针对汇率的投机性的攻击，耗尽了自己的外汇储备。

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It is reassuring that none of them has much foreign debt, and that their currencies and securities are only lightly traded, creating little scope for a speculative attack.

它能够保证它们不亏欠大量外债，同时也能保证它们的货币和有价证券被少量的交易，从而不给投机性攻击创造任何空间。

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The Italian bond market is the world's third-largest. Such a large and liquid market is less vulnerable to speculative attack than a small one, such as Greece's or Portugal's.

意大利债券市场规模为世界第三，如此大规模并具流动性的市场较希腊与葡萄牙这样的小国更能抵御投机性攻击。

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Mr Fernandez this week stressed that Argentina could withstand any speculative attack on the currency.

ECONOMIST: Argentina��s awkward transition

Pegged rates are also susceptible to speculative attack, whereas a floating rate can adjust more smoothly to market forces.

ECONOMIST: A kiwi conundrum

Such a large and liquid market is less vulnerable to speculative attack than a small one, such as Greece's or Portugal's.

ECONOMIST: Greece's sovereign-debt crunch