11.   Governments sometimes responded by promptly devaluing the currency to offset the cost disadvantage of the wage increases.

12.   Also helping the dollar has been concerns that China may devalue its currency.

13.   Although it would restore some economic equilibrium, devaluing the currency would drive up the price of imports and hit Russians in their pocketbooks, causing political unrest.

14.   Analysts expected a big jump in inflation and damage to the Brazilian economy this year when the country devalued its currency.

15.   And since Brazil devalued its currency last year, many Argentine companies have transplanted their operations to Brazil to take advantage of lower production costs.

16.   Argentine stocks declined as a drop in the Mexican peso prompted concern that Argentina could be forced to devalue its currency.

17.   ARGENTINE shares posted their largest one-day gain this year as concerns waned that neighboring Brazil may devalue its currency.

18.   Argentine stocks fell on renewed concern that Brazil may devalue its currency.

19.   As a result, Argentina came under rising pressure to devalue its currency as the outflow of funds led to a cash crunch which strangled economic activity.

20.   Argentine bonds plummeted in recent weeks after speculation that Hong Kong may devalue its currency led to concerns that other emerging markets currencies are also overvalued.