You can hear the screams almost from S?o Paulo to Tokyo. Data are notoriously unreliable for currencies, but you can bet your bottom dollar that more than the average number of punters are copping a loss from the latest gyrations in foreign exchange markets. It is not as though this pain is the result of a return to some benign exchange rate equilibrium. Indeed, the latest bout of exchange rate turmoil could accentuate the problems facing the global economy.
從圣保羅到東京，幾乎處處哀鴻遍野。說到匯率，眾所周知，數據是不可靠的。但可以肯定的是，在外匯市場最近這輪動蕩中，絕大多數的投機者都虧了本。看起來，這次的傷痛并非匯率回歸某種均衡而造成的。事實上，本輪匯率動蕩很可能使全球經濟面臨的問題變得更加嚴重。
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