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Yet abandoning the peg only adds to the pressure on the dollar .

放弃钉住美元只会加大美元贬值的压力。

The discipline of the peg effectively cedes monetary policy to the us federal reserve .

钉住汇率制实际上是将货币政策交给了美联储（fed）。

For months the rich world 's policymakers have quietly pressed china to abandon its exchange-rate peg with the dollar .

几个月以来，发达国家的政策制定者们悄悄地在迫使中国放弃其钉住美元的外汇制度。

It then dropped its peg to the dollar and defaulted on its debt .

接着，它放弃了钉住美元的汇率政策，并且拖欠债务。

This is the highest level yet since it was freed from its peg to the dollar in july last year .

这是自去年7月放宽对美元紧钉政策的汇率最高点。