考研英语外刊阅读能力的提升，需要日积月累才能看得到效果。接下来，北京文都考研网为帮助2020考研学子，在英语水平上更上一层台阶，特意整理出考研英语外刊阅读精选:人民币破“七”(上)，供考生参考。
2020考研英语外刊阅读精选:人民币破“七”(上)
A principle followed by traders who speculate on short-term movements in market prices is cut your losses early".
利用市场价格的短期波动来投机的交易:员遵循的原则之一是“及早止损”。
This doctrine finds expression in the stop-loss — an order to sell a security, such as a company share, automatically when it hits a predetermined price.
这一原则体现在止损单.上，即在证券( 例如公司股票)价格达到预先设定的价位时自动卖出。
People being people, stop-loss orders tend to cluster at salient levels, such as whole or round numbers. They might instruct a broker to sell the pound at$1.20, say, or sell Apple at $200.
但这毕竟是人为的标准，止损单的预设价位一般都定在很显眼的水平，像是整数或经过取整的数字。比如，它们可能指示经纪人到1.20美元就卖出英镑，或到200美元就卖出苹果股票。
The round-number fetish is a strange one. But when a situation is uncertain (and financial markets are always uncertain) arbitrary numbers or thresholds are often charged with great meaning.
执迷于取整是个怪现象。但当情况不明朗时( 而金融市场总是充满变数)，带有随意性的数字或关口位往往就会被赋予重大意义。
And few have had the signifcance of seven yuan per dollar.So when the yuan broke through seven on August 5th, it prompted a violent sell-off in stocks and a rally in bonds.
七元人民币兑一美元这一关口的意义少有其他数字能比得上。因此，8月5日人民币兑美元汇率破七后，股市暴跌，债市反弹。
That was followed by a formal charge by the US Treasury that China was manipulating its currency. On the face of it, that looks like an overreaction. If things were fine when the yuan was at 6.99, why did all hellbreak loose when it reached 7.01?
之后美国财政部正式指控中国操纵汇率。 表面看来，这似乎是反应过度。如果人民币汇率在6.99时还风平浪静，为何到了7.01就天下大乱了?
Odder still is the idea that a currency that has only fairly limited use outside China is suddenly a prime mover in global capital markets. Yet China's heft in the world economy has made it so.
更奇怪的是,在中国境外使用相当有限的一种货币突然间似乎成了全球资本市场的主要推动力量。但是，这是中国在世界经济中的影响力使然。
The yuan-dollar exchange rate is now the world's most watched asset price. And seven" mattered simply because people had come to believe that it did.
人民币兑美元汇率是当今全球受关注的资产价格。而“七”之所以重要，不过是因为人们已渐渐认定它重要。
To understand why, go back four years. Until August 2015 the yuan had been closely tied to the dollar. Since then its external price has been set by officials each day, ostensibly by reference to a basket of currencies.The idea is that the yuan's value should somewhat reflect market forces.
要探讨原因，且回到四年前。2015年8月之前，人民币汇率一直与美元密切挂钩。而之后，人民币对外价格由官员每日设定，表面上是参考一篮子货币汇率。此举意在让人民币价值在一定程度上反映市场动态。
The outcome is that the yuan has moved in a limited range against the dollar, capped at seven. Were the yuan to surge, it would hurt China's exports; were it to plummet, the dollar debts of Chinese firms would loom larger. A large fall would intensify an ever-present fear: devaluation and capital flight.
其结果是人民币兑美元汇率一直在一定范围内浮动，上限为七。人民币如果大幅升值，则中国的出口受损; 如果暴跌，则中国企业的美元债务会加重。汇率大幅下跌将加剧一直存在的恐慌:货币贬值和资本外逃。
The yuan is still a long way from being a free-floating currency. It is further away still from being a global one to rival the dollar. It is not a straight forward business to buy and sell yuan.
人民币还远不是汇率自由浮动的货币，更遑论能与美元竞争的全球性货币。买卖人民币并不是件简单直接的事情。
Traders joke that it is less liquid than the shares of Alibaba,a giant Chinese e-commerce frm,which is listed in New York. Yet despite the constraints, the waxing and waning of the yuan's value has had a growing influence on the foreign-exchange market and on asset prices more generally.
交易员开玩笑说，人民币的流动性比中国电商巨头阿里巴巴的股票(在纽约上市)还要低。然而，尽管受到限制，人民币价值的涨跌对外汇市场和更广泛的资产价格的影响力日增。
This is in large part because the currencies of economies that do a lot of trade with China have tended to move in tandem with the yuan. Its clout owes much to China's weight in the global economy, but also to its gravity in export markets.
这在很大程度上是因为有大量对华贸.易的经济体的货币往往与人民币同步涨跌。人民币的影响力主要归功于中国在全球经济及出口市场中的分量。
以上是北京文都考研网给出的“2020考研英语外刊阅读精选:人民币破“七”(上)”，希望对2020考研者有所帮助!祝2020考研成功!
推荐阅读：
![京网文[2014]2116-316号](https://bj.wendu.com/imgs/jingicp.jpg){kind=link}
