As the Fed (at what they call Treasury Auctions) buys OTC derivative paper in exchange for cash or treasuries, their balance sheet weakens and that factors into the dollar/euro relationship.

• 当美联储（他们所谓的资产拍卖）购买场外衍生工具交易商的合约来交换现金或资产时，他们的资产平衡表将会变弱并且这些将影响到美元／欧元的关系。