History shows that a market panic can make those funds suddenly unavailable, potentially putting an already stretched European Central Bank even more on the spot.

历史显示，市场恐慌能令这些资金瞬时消失，让早已倍感压力的欧洲央行(European Central Bank)更加为难。

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The currency is closely monitored by the Central Bank of China and in the spot market, is allowed to rise or fall by 1 percent from the set parity rate each trading day.

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The market should be anticipating more resistance by threatening further rate cuts and direct spot intervention by the central bank.

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