Looking ahead, the appreciating euro (another surprise, especially to the many observers who doubted its survival less than two years ago) will compress the eurozone’s current-account surplus to some extent. An exchange rate of close to $1.40 poses a challenge for many European exporters, including German companies.
放眼未来，欧元升值（另一个令人惊奇之处，特别是对许多不到两年前还在担心欧元生存的观察者来说）将在一定程度上抑制欧元区的经常项目盈余。1欧元兑近1.40美元的汇率将是许多欧洲出口国商面临的一大挑战（包括德国公司）。而欧元对日元和许多新兴市场货币的升值幅度更大。