This damages European exports to both the US and Asia. Reduced European dependence on the US export market can hardly protect Europe from the effects of the US economic slowdown if the euro appreciates as much against the key Asian currencies as it has against the dollar.
这损害了欧洲对美国以及亚洲的出口。欧洲对美国出口市场依赖的减少并不意味着欧洲就不会受美国经济疲软的影响，如果欧元在对美元增值的同时对主要亚洲货币也同样增值的话。