Английский язык. Бочкарева Т.С - 24 стр.

     7.1 Active Vocabulary

      to transmit news                     - передавать (распространять) новости
      to make news                         - готовить новости
      barrage of accessible information    - поток доступной информации
      to discern trends                    - определить тенденции
      to determine                         - определять
      interaction of supply and demand     - взаимодействие спроса и предложения
      to affect currency exchange rate     - влиять на курс обмена валюты
      to rise a demand (supply)            - повысить спрос (предложение)
      to increase a demand (supply)        - повысить спрос (предложение)
      stock market price                   - цена на фондовой бирже
      worldwide crash                      - всемирный кризис (спад)
      to release                           - (здесь) публиковать
      to tend                              - иметь тенденцию
      to exceed                            - превышать
      to lead                              - приводить к чему-либо

      Modern information technology has led to news being transmitted worldwide
quicker than ever before. Time differences around the world mean that financial news is
being made twenty-four hours a day, and it is this barrage of readily accessible
information that serves as a basis for many of the business decisions that are made
concerning international banking and financing. Technigues of analysis are applied to
information to determine its implications and to try to discern trends in the future.
      Many prices are determined by a complex interaction of factors. With regard to
currencies, it may be said that one factor governing prices is the interaction of supply
and demand. Interest rates prevailing in different countries affect currency exchange
rates. If interest rates rise in the UK for example, US investors may move funds to the
UK to
earn higher interest income. They will then sell dollars for sterling, and the demand for
sterling will rise, while at the same time the supply of dollars will rise too. The dollar
will therefore fall in value, while the price of sterling will rise.
      Trade between countries may also affect currency rates. If, say, Japanese exports to
Germany rise, and German exports to Japan remain the same, there will be an increase in
the supply of Deutschmarks as Japanese exporters sell them for dollars. This will
normally increase the value of the Yen in relation to Deutschmarks.
      Government intervention may also affect exchange rates. If sterling is weak, for
instance, the Bank of England may enter the market to buy sterling with some of its
reserves of other currencies. This will reduce the supply of sterling, thereby increasing
its value.


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