Despite racking up gains against the euro, the U.S. dollar continues to lose ground against currencies exposed to China's resurgent economy.

While the dollar has gained 12% against the euro since late November, across much of Asia the dollar has taken a hit. This year, it is down roughly 4% against the Indian rupee, the Indonesian rupiah and the Korean won, and 3% against the Thai baht. It has fallen 6% versus the Malaysian ringgit, the biggest slide in Asia, thanks to Malaysia's interest-rate hike in March, which increased demand for the Asian currency from foreign investors.

美元对欧元处于上涨之中，但在各种对中国经济复苏存在敞口的货币面前却持续下跌。

美元兑欧元汇率自去年11月下旬以来已经上涨12%，但美元兑很多亚洲货币的汇率遭到打压。今年以来，美元对印度卢比、印尼盾和韩圆下跌约4%，对泰铢下跌 3%。它对马来西亚林吉特下跌了6%，是对亚洲各种货币的最大跌幅，原因在于马来西亚三月份的加息提升了外国投资者对林吉特的需求。

The new Taiwan dollar hit a new 19-month high Wednesday, trading at 31.56 per one U.S. dollar, which is about 1.3% weaker against the Taiwan currency so far this year.

周三，美元兑新台币报31.56，新台币升至新的19个月高点。今年以来，美元对新台币贬值约1.3%。

The dollar's weakness is evident in Canada and Australia, commodity-rich economies that benefit from China's demand for raw materials. The U.S. dollar reached parity with the Canadian 'loonie' Tuesday for the first time since June 2008 and traded at C$1.0035 Wednesday in New York.

美元的疲态明显地体现于加拿大和澳大利亚。加、澳两国都是大宗商品大国，得益于中国对原材料的需求。周二，美元兑加元跌至1：1，这是2008年六月份以来首次；周三纽约市场，美元兑加元汇率报1.0035。

The strength of these currencies underscores how even as the U.S. economy returns to health and interest rates rise, Asia, led by China, remains at the front of the economic pack.

从这些货币的强势中可以看出，即便是在美国经济企稳回升并回到加息周期的时候，以中国为首的亚洲经济体依然走在前列。

A new dynamic that could continue Asia's currency strength: the mini détente between the U.S. and China. The U.S. agreed Saturday to delay a report that could have deemed China a 'currency manipulator.'

一个新情况可能将持续亚洲货币的强势：美中关系略微缓和。美国周六同意推迟公布有可能视中国为"汇率操纵国"的报告。

The cooling down of tensions has raised expectations that China might now be more willing now to allow the yuan to get stronger. That would open the door even wider for China's Asian competitors to let their currencies strengthen against the dollar without fear of hurting exporters.

随着中美紧张关系的缓和，市场对中国可能现在更愿意允许人民币升值的预期增强。若果真如此，中国的亚洲竞争者将有更大的余地允许本国货币兑美元汇率走强，而不必担心会对本国的出口造成伤害。

ALEX FRANGOS

• despite [di´spait] prep.尽管 (初中词汇)
• indian [´indiən] a.印度的 n.印度人 (初中词汇)
• wednesday [´wenzdi] n.星期三 (初中词汇)
• weakness [´wi:knis] n.虚弱；弱点，缺点 (初中词汇)
• evident [´evidənt] a.明显的，明白的 (初中词汇)
• canadian [kə´neidiən] a.加拿大的n.加拿大人 (初中词汇)
• economy [i´kɔnəmi] n.经济；机制；组织 (初中词汇)
• willing [´wiliŋ] a.情愿的，乐意的 (初中词汇)
• strengthen [´streŋθən, ´strenθən] vt.加强 vi.变强 (初中词汇)
• roughly [´rʌfli] ad.粗糙地；毛糙地 (高中词汇)
• currency [´kʌrənsi] n.通货；通用；货币 (高中词汇)