2. 外语
  3. Date: 26 Jan. 1993 From: the Kwangtung provincial bank, H. K. Corporate division-treasury Foreign exchange market:

Date: 26 Jan. 1993 From: the Kwangtung provincial bank, H. K. Corporate division-treasury Foreign exchange market:

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问题     Date: 26 Jan. 1993
    From: the Kwangtung provincial bank, H. K.
    Corporate division-treasury
    Foreign exchange market:
    Dollar continued its weakness and dropped almost two pfennigs against mark on Monday dealing.
    Traders’ sentiment was changing greatly. At the beginning of this year, dollar rallied due to positive sentiment that the economy would recover in the expected fashion and German interest rate would ease soon. However, the hopes were dashed after a series worse-than-expected data were released and reluctance to cut rate by German Bundesbank. It seemed that the present us-German interest rate differential would be unlikely to narrow. On Monday trading, technical factor drove dollar further lower and it was quoted as low as 1.57 marks.
    Some dealers were quite bearish towards dollar, expecting it to ease further to 1.55 even 1.53 level in near future. Dollar also performed weak against Japanese yen. Dealers claimed that the talk of Japanese interest rate cut had been discounted, adding almost no pressure on the Japanese yen. Meanwhile, market was turning focuse on trade balance. Due to huge surplus, dealers believed that the yen should be stronger.  During intraday dealing, the dollar was once quoted as low as 122. 75 yen.
Why did the dollar rally at the beginning of the year?
选项 A、It was the beginning of the year.
B、Traders’ sentiment was changing greatly.
C、People thought that the US economy would recover and German interest rate would ease soon.
D、The present US-German interest rate differential would be unlikely to narrow.
答案C
解析 文章第二段提到dollar rallied due to...German interest rate would ease soon。美元的回升是由于人们的乐观情绪。
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