Translation of "Währungsentwicklung" in English

Forecasts regarding the development of interest and currencies form components of the macroeconomic models.

An oil price rise is positive and therefore desirable for the economic and currency trend.

Exchange rate factors have accelerated this negative trend in recent months.

This is the result of several factors, not all of them linked to monetary events.

As a central bank, the SNB has special knowledge about the Swiss economy and foreign exchange developments.

In terms of currency developments, the tailwind observed in the previous year changed to a headwind (-3%).

Uncertainties remain as to the development in exchange rates, as well as to the increase in costs of materials, such as the cost of steel or of products based on mineral oil.

Due to the current business and currency development, we are adjusting our forecast for the fiscal year 2017.

Organic growth in sales revenues also accelerated in North America, although it was eroded by currency development.

This was attributable to the order mix, price competition and the adverse currency trend.

We will pursue the monetary developments closely and implement short term measures.

However, margins were depressed due to price competition and the unfavourable exchange rate trend for Swiss manufacturers.

The aim is to provide comprehensive indicators of monetary development in the Member States 'which are viewed as one economic territory'.

Still, politicians and maybe even some central bankers continue to be concerned about the currency, because they fear that a stronger euro could stifle exports, thus weakening overall economic performance.

Competition Commissioner Mario Monti is therefore wondering why the competitive pressure on this market, to be expected in particular through non-British manufacturers, has not been sufficient so far to promote substantial price cuts in response to the currency development.

Monitoring Group : a group composed of foreign exchange experts from the EU central banks who review on a regular basis current economic and monetary developments and policies in order to assess the functioning of the EMS .

The divergent drift of currencies continued to affect the common agricultural policy through the monetary compensatory amounts, which break up the single market.

This body will have to base its action, in particular, on currency movements, the cost of environmental protection and social progress.

The situation regarding monetary compensatory amounts at 1 January 1991, following the decisions taken in 1990 and monetary trends during that year, was as follows: MCAs continued to be applied in three Member States only.

Governments in rich countries for the most part looked the other way while Japan, South Korea, Taiwan, and China protected their home markets, appropriated “intellectual property,” subsidized their producers, and managed their currencies.

Against a background of positive trends in many of its sales markets and in anticipation of a more stable exchange rate development in the second six months, the company is still confident that it will achieve the expected 10 percent growth in sales revenue to 194 million euros and in earnings (EBIT) to 42 million euros in fiscal 2003.

Earnings before taxes (EBT) of EUR -2.2 m (previous year: EUR 5.0 m) were primarily impaired by the EUR -1.4 m (previous year: EUR 0.2 m) negative contribution to earnings of AJZ Engineering, which was still consolidated in net finance costs using the equity method as a 49.0 % minority investment in the last financial year, as well as currency developments that were unfavorable for the Company.

Not only this, the intervention policy in the meantime had led to the Swiss National bank to accumulate such an amount of currency reserves and bonds that presumably the thinking then was that, in the long-term, even the National bank could become endangered, according to how the development of the currencies ran.

This development reflects the evolving product mix, the favorable currency performance and the increase in productivity.