The first condition is America's continued willingness to tolerate a sharp appreciation of the dollar's exchange rate. Given warnings from US companies about the impact of a stronger dollar on their earnings – not to mention signs of declining inward tourism and a deteriorating trade balance – this is not guaranteed.
第一个条件是美国继续愿意忍受美元汇率的急剧升值。考虑到美国公司已就它们所赚取的强势美元的影响发出了警告——更不用说入境游减少和贸易平衡恶化了——这一条件远非板上钉钉。