Your English writing platform
Discover LudwigExact(17)
Sharp currency swings complicate contracts with foreign suppliers and upset investment plans, he said.
On Thursday, Mr. Trichet reiterated that sharp currency moves were unwelcome and undesirable for growth.
Still, the results were far below the 22percentt gain in 1998, reflecting Brazil's sharp currency devaluation last year.
Making things worse, of course, has been the economic turmoil in Argentina and Brazil, which led to sharp currency devaluations.
A disruptively sharp currency correction is unlikely unless global tides turn or politics tests the nerves of the markets and domestic savers more severely.
Those public differences, along with divergent assessments by E.C.B. policy makers of the significance and damage of sharp currency movements, compound Mr. Trichet's dilemma.
Similar(43)
It's the one that is most likely to see the steepest drop in interest rates and the sharpest currency rebound.
The Asian financial crisis in 1997 brought those investors' favorable treatment into sharp relief as currency values, share prices, and electricity demand all plummeted.
The sharp swings in currency and commodity markets sent the Dow Jones industrial average whipsawing in a 200-point range, surrendering an early advance for a loss of 104 points.
He listed the potentially harmful side effects from sharp movements in currencies, commodities and interest rates that could push already weakened countries to the brink of collapse.
The statement came in response to sharp moves in currencies like the euro and the yen and calls by some Group of 7 countries like France for policies that could lead to competitive devaluations.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com