[ti:As Asian Currencies Lose Value, Can Governments Avoid a Crisis?] [by:www.51voa.com] [00:00.00]更多听力请访问51VOA.COM [00:00.40]Many of Asia's currencies are losing value [00:05.28]against the United States dollar this year. [00:09.88]But experts say governments are managing the losses [00:14.65]better than they did in the past. [00:17.96]The currencies of China, India, Indonesia and Myanmar [00:24.43]all have lost value since January of 2018. [00:30.80]The Indian rupee was at a record low against the U.S. dollar in June. [00:37.80]And the Chinese yuan lost 3.2 percent in the first half of the year. [00:47.36]Economists say there are many reasons for this, [00:51.48]including possible contagion from financial problems in Turkey. [00:58.44]They also say investors are worried about the effects [01:03.44]of the trade dispute between the United States and China. [01:09.72]Next week, China will face additional U.S. tariffs [01:14.15]on $16 billion-worth of Chinese products. [01:21.08]Song Seng Wun is an economist with investment bank CIMB in Singapore. [01:28.88]He said, "It's just basically that everything we've [01:33.56]worried about now and then sort of converged." [01:39.72]Experts say there is no single reason currency exchange values are lower in Asia. [01:46.76]Rising oil prices may have affected the Indian rupee for example. [01:52.96]Myanmar has had large growth in imported products. [01:58.66]In Vietnam, Bao Viet Securities, a financial business, [02:04.60]said Vietnam's currency has lost value because the value [02:09.60]of the currencies of neighboring countries have gone down. [02:14.48]But it is the fall of Turkey's lira and the possibility [02:19.60]that it could bring down other currencies [02:22.56]that has caused problems in Asian currency markets, Song said. [02:28.77]The continuing trade dispute between the U.S. and China [02:34.84]is another reason for the currency problems. [02:39.68]Some media reports have said that the U.S.-China trade war [02:44.48]has caused investors in India to move away from local stocks and similar assets. [02:52.92]Maxfield Brown is an expert [02:55.62]with the business services company Dezan Shira & Associates. [03:01.44]He spoke about the exchange value of Vietnam's currency. [03:07.44]"I think there's a number of reasons why it could be going down," he said. [03:13.80]Brown said Vietnamese officials are frightened about recent U.S. [03:19.10]and Chinese actions and everyone is being cautious. [03:25.60]Financial officials of some Asian governments [03:29.16]have answered market uncertainty by raising interest rates. [03:34.08]Raising rates usually increases the exchange value of a currency. [03:41.64]Indonesia has raised important interest rates four times in three months. [03:48.04]India and the Philippines have also raised rates. [03:52.90]Asian countries are keeping more foreign currency in their banks [03:58.92]and trying to lessen national debts, said Marie Diron. [04:04.24]She is a director of Moody's Investor Services in Singapore. [04:11.12]She said actions like raising rates help to control falls in currency values. [04:19.00]In Vietnam, government officials learned from bad currency decisions [04:24.44]in the past and now their answers are "measured," Brown said. [04:30.24]The French investment bank Narixis said Friday [04:36.24]that China will likely take measures to support the economy. [04:40.92]These actions should also help calm international financial markets. [04:48.72]Most economists agree this is not a time of crisis. [04:54.08]Asian currency falls are not a threat to the world's economy, Song said. [05:01.84]I'm Susan Shand. 更多听力请访问51VOA.COM