Others, such as Russia and Argentina, do not literally peg to the dollar but nevertheless try to smooth movements. As a result, whenever the Fed cuts interest rates, it puts pressure on the whole “dollar bloc” to follow suit, lest their currencies appreciate as investors seek higher yields.
如果不是如此多、从中东到亚洲的其他国家实际上将它们的货币与美元挂钩，美国的通货膨胀或许会得以控制。其他国家，例如俄国和阿根廷并不实际将其货币与美元联系，但是试图让货币波动平缓。结果，无论何时美联储降息都让整个“美元区”国家紧随，要不然它们的货币由于投资者寻求高回报而升值。