美国还需要人民币升值以减少贸易逆差、缓解累积的债务负担。
The US also needs the renminbi to rise in order to reduce the trade deficit and alleviate the burden of accumulated debt.
其他新型经济体(如巴西和韩国)由于面临寻求更高收益的资本洪潮，将累积大量的储备而不是让其货币升值。
Faced with a flood of capital searching for higher yields, other emerging economies, from Brazil to Korea, will build up eye-popping reserves rather than let their currencies soar.
随著外币资产累积，对升值的预期也将提高，甚至使将货币汇率压低的成本更高。
As the stock of foreign currency accumulates, speculation on an appreciation rises, making it ever more costly to hold the currency down.
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