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The U.S. dollar was supposed to be at the end of its rope. Kicking the bucke

游客2024-03-09  29
问题     The U.S. dollar was supposed to be at the end of its rope. Kicking the bucket Well, maybe not. The dollar continues to【C1】________gloom-and-doom predictions. After a swoon (低迷) last year, the dollar is again enjoying a major rally. The U.S. dollar index, which【C2】________the dollar’s value against other major currencies, is just off an eight-month high.
    The main reason behind the dollar’s【C3】________is actually no real surprise at all. There is no alternative able to replace the dollar as the world’s No.l currency. Sure, the U.S. budget deficit is expanding, the government’s debt is increasing, and Wall Street is still【C4】________itself. But the dollar remains the prettiest of a flock of ugly ducklings. Is any other major industrialized economy【C5】________better off than the U.S.? Not really. Just about the 【C6】________developed world is suffering with the same problems. That’s why when investors get nervous, they stiH rush to the good old dollar. The dollar wins because no one else is really in the game.
    The euro has been exposed as a【C7】________. Only a few months ago, economists truly believed the euro could【C8】________the dollar as the top reserve currency. Now experts are questioning if the euro has a future at all. The Greek debt crisis has【C9】________that the euro is only as strong as its weakest link.
    And after the euro, where do global investors turn? The yen? Japan’s economy, with higher government debt and crushing deflation (通货紧缩), has even deeper structural problems than America’s.
    Maybe over the next 20 or 30 years, the dollar will slowly lose the dominant status it holds today. That process, 【C10】________, could well be driven by. the appearance of new rivals.
A)  absolute        E) concise        I) recovery         M) measures
B)  fraud           F) revealed       J) rival            N) partially
C)  relieving       G) defy           K) slump            O) repairing
D)  however         H) entire         L) particularly
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