Thus, the past year’s currency alignments have, to some extent, simply brought relative domestic price levels and exchange rates into better balance. But by now, emerging-market countries’ exchange rates, and even more so commodity currencies, have probably overshot on the downside.ampnbsp;
因此，过去一年中货币的调整就是在一定程度上使国内相对价格水准和汇率之间达到了更好的平衡。但现在，新兴市场国家的汇率可能已经下跌过度，而商品货币更是这样。