前外管局官员管涛表示目前人民币汇率波动在可以接受的水平，但中国应该随时准备好和外汇交易投机者较量。请看本报昨日的报道：

Volatility in the yuan is still acceptable for China but it should stand ready to face down currency speculators with a greater force than Japan if needed, according to a former official at the country’s foreign exchange regulator.

Swings in the currency haven’t resulted in an economic shock or inflation, the market is still orderly and financial stability is intact, said Guan Tao, former director of international payment department at the State Administration of Foreign Exchange (SAFE).

报道中的face down相当于face off, 就是“争锋相对、较量”。例如：

I’m so impressed that the scrawny little kid faced the bully down!

这个瘦小的孩子敢于和霸凌者争锋相对，让我印象深刻。