| The eurozone has grown more slowly than the US in three out of four years since the single currency's launch. |
|
| Regardless of whether the currency's strength is sustainable or not, what is seriously needed is for it to find its level and to stabilise. |
|
| The health of a country's economy should not be judged by the buoyancy of its stock market or its currency's strength. |
|
| Unless the currency's par value is changed suddenly, foreign exchange transactions are based on the existing par value and fluctuations within the specified bands. |
|
| Some Wall Street firms warn the currency's value may plummet quickly. |
|
| The yuan is already convertible in the current account, but tough controls are still imposed on the currency's convertibility in the capital account. |
|
| By contrast, the currency's black market exchange rate is artificially weak. |
|
| The market's forecast for the RMB exchange rate has focused predominately on the RMB-dollar cross rate, ignoring the Chinese currency's trade-weighted exchange rates. |
|
| As long as the currency's market is sufficiently liquid, the benefits of reserve diversification are strong, as it insures against large capital losses. |
|
