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Since the global financial crisis, which led to a sharp depreciation in the value of the dollar against the renminbi, the authorities in Beijing have been concerned about the fact that so much of their national reserves are held in the form of the American currency.
Media in India are expressing concerns over a sharp depreciation in the value of the rupee against the dollar.
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A fall in the price of crude has already led to a sharp depreciation in Nigeria's currency, the naira.
Exporters are also being helped by the sharp depreciation in the euro, whose trade-weighted value has fallen by 12% in the past year, in part as markets anticipated the adoption of quantitative easing (QE creating money to buy financial assets by the European Central Bank (ECB .The main question is whether this stronger recovery can be sustained.
"The effects on U.K. retail prices of increases in these world prices were magnified by the sharp depreciation in the sterling exchange rate," Mr. King wrote.
Pay growth had been muted so far this year.The Bank also highlighted the fact that the exchange rate has recently regained ground after its sharp depreciation in the first few months of the year.
At high network loads (8 9 transmitting stations), sharp depreciation in the throughput of EDCA is seen both at the uplink and downlink while the proposed mechanism offers a gradual depreciation in throughput as depicted in Figure 3a.
Deficit hawks worry that at some point global investors will lose their enthusiasm for holding ever-greater amounts of US debt, resulting in a sharp depreciation of the dollar.
Worsening global financial conditions throughout 2008 resulted in a sharp depreciation of the krona vis-a-vis other major currencies.
Rising macroeconomic imbalances in India and improving economic conditions in Western countries, led investors to shift capital away from India, prompting a sharp depreciation of the rupee.
"The data are … expected to suggest that the sharp depreciation in sterling following the referendum has already started to push prices up," they wrote in a research note.
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