When the macro picture started to deteriorate there was a mechanism, a weak exchange rate.

当宏观环境开始恶化的时候，存在一种机制，即疲软的汇率。

youdao

A weak exchange rate, by contrast, encourages consumers to switch from pricey imports to cheaper home-produced goods and services.

相比之下，一个较弱的汇率鼓励消费者从昂贵的进口商品转换至较便宜的国产商品和服务。

youdao

As China's experience suggests, keeping the exchange rate weak in support of export-led growth becomes harder to sustain over time.

中国的经历表明，随着时间的推移，通过压低币值来扩大出口的道路将越来越难以维继。

youdao

Similarly, they may raise rates if a weak exchange rate threatens to push up import prices.

ECONOMIST: Central banks, all a-quiver | The

The veranito rests on financial controls, autarchy and a very weak exchange rate.

ECONOMIST: Argentina's economy

The emergence of a weak target exchange rate implies a more internationalized yen, which is another variable in arresting excessive appreciation of the dollar.

CNN: Emerging Asia can cope with the coming slide