{"id":39270,"date":"2026-02-26T14:33:00","date_gmt":"2026-02-26T14:33:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%ec%9d%98-%eb%a7%88%ec%9d%b4%ed%81%b4-%ed%94%84%eb%a6%ac%ec%8a%a4%ed%84%b0%eb%8a%94-ecb%ec%99%80-%eb%a6%ad%ec%8a%a4%eb%b0%a9%ed%81%ac-%ea%b4%80\/"},"modified":"2026-02-26T14:33:00","modified_gmt":"2026-02-26T14:33:00","slug":"%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%ec%9d%98-%eb%a7%88%ec%9d%b4%ed%81%b4-%ed%94%84%eb%a6%ac%ec%8a%a4%ed%84%b0%eb%8a%94-ecb%ec%99%80-%eb%a6%ad%ec%8a%a4%eb%b0%a9%ed%81%ac-%ea%b4%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%ec%9d%98-%eb%a7%88%ec%9d%b4%ed%81%b4-%ed%94%84%eb%a6%ac%ec%8a%a4%ed%84%b0%eb%8a%94-ecb%ec%99%80-%eb%a6%ad%ec%8a%a4%eb%b0%a9%ed%81%ac-%ea%b4%80\/","title":{"rendered":"\ucf54\uba54\ub974\uce20\ubc29\ud06c\uc758 \ub9c8\uc774\ud074 \ud504\ub9ac\uc2a4\ud130\ub294 ECB\uc640 \ub9ad\uc2a4\ubc29\ud06c \uad00\uacc4\uc790\ub4e4\uc774 \uc57d\uc138\ub97c \ubcf4\uc774\ub294 \ub2ec\ub7ec \uc18d\uc5d0\uc11c \uc720\ub85c\ud654 \uac15\uc138\ub97c \uc6b0\ub824\ud558\uace0 \uc788\ub2e4\uace0 \ub9d0\ud55c\ub2e4"},"content":{"rendered":"\uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uacfc \uc2a4\uc6e8\ub374 \uc911\uc559\uc740\ud589(\ub9ad\uc2a4\ubc29\ud06c)\uc758 \uc911\uc559\uc740\ud589 \uad00\uacc4\uc790\ub4e4\uc740 \ubbf8\uad6d \ub2ec\ub7ec(US dollar)\uac00 \uc57d\uc138\ub97c \ubcf4\uc774\ub294 \uac00\uc6b4\ub370 \uc720\ub85c\ud654(euro) \uac15\uc138\ub97c \uc8fc\uc2dc\ud558\uace0 \uc788\ub2e4. \ud575\uc2ec\uc740 EUR\/USD(\uc720\ub85c\/\ub2ec\ub7ec \ud658\uc728)\uac00 \uc5bc\ub9c8\ub098 \ube60\ub974\uac8c \uc624\ub974\uace0 \uc788\ub294\uc9c0, \uadf8\ub9ac\uace0 \uadf8\ub85c \uc778\ud574 \uc218\uc785 \ubb3c\uac00\uc0c1\uc2b9(imported inflation, \ud574\uc678\uc5d0\uc11c \ub4e4\uc5ec\uc624\ub294 \uc0c1\ud488 \uac00\uaca9 \ubcc0\ud654\uac00 \uad6d\ub0b4 \ubb3c\uac00\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5)\uc774 \uc5b4\ub5bb\uac8c \ubcc0\ud560\uc9c0\ub2e4.\n\n\ub17c\uc758\ub418\ub294 \uae30\uc900 \uc911 \ud558\ub098\ub294 \uad6c\ub9e4\ub825\ud3c9\uac00(PPP, purchasing power parity: \uac01 \ub098\ub77c \ud1b5\ud654\uac00 \uc0b4 \uc218 \uc788\ub294 \ubb3c\uac74\uc758 \uc591\uc744 \ube44\uad50\ud574 \u201c\uc801\uc815 \ud658\uc728\u201d\uc744 \uac00\ub2a0\ud558\ub294 \ubc29\ubc95)\ub2e4. \uc774 \uae30\uc900\uc73c\ub85c \ubcf4\uba74 \uc720\ub85c\ub294 \uc5ec\uc804\ud788 \ub2ec\ub7ec \ub300\ube44 \uc800\ud3c9\uac00(undervalued: \uc801\uc815 \uc218\uc900\ubcf4\ub2e4 \uc2f8\uac8c \ud3c9\uac00\ub428) \uc0c1\ud0dc\uc774\uba70, \uc2a4\uc6e8\ub374 \ud06c\ub85c\ub098(SEK, Swedish krona)\ub294 \uacfc\uac70\uc758 \uc800\ud3c9\uac00\uc5d0\uc11c \uc77c\ubd80\ub9cc \ud68c\ubcf5\ud55c \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.\n\n<h3>\uc218\uc900\ubcf4\ub2e4 \uc18d\ub3c4\uc5d0 \ucd08\uc810<\/h3>\n\uc6b0\ub824\ub294 \ud658\uc728\uc758 \u201c\uc808\ub300 \uc218\uc900(\uc9c0\uae08 \ud658\uc728\uc774 \uc5bc\ub9c8\uc778\uac00)\u201d\ubcf4\ub2e4 \u201c\uc6c0\uc9c1\uc774\ub294 \uc18d\ub3c4(\uc5bc\ub9c8\ub098 \ube68\ub9ac \uc624\ub974\ub0b4\ub9ac\ub294\uac00)\u201d\uc5d0 \ub354 \uac00\uae5d\ub2e4. \ud1b5\ud654\uac00 \ub354 \ube60\ub974\uac8c \uc624\ub974\uba74, \uc644\ub9cc\ud55c \ubcc0\ud654\ubcf4\ub2e4 \uc218\uc785 \ubb3c\uac00\uc0c1\uc2b9\uc5d0 \ub354 \ube68\ub9ac \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\ub2e4.\n\n\uc2dc\uc7a5 \ucc38\uac00\uc790(market participants: \uc740\ud589, \ud380\ub4dc, \uae30\uc5c5, \uac1c\uc778 \ud22c\uc790\uc790 \ub4f1)\uac00 \uae30\ub300\ud558\ub4ef \ub2ec\ub7ec\uac00 \uacc4\uc18d \uac00\uce58\uac00 \ub5a8\uc5b4\uc9c0\uba74(depreciating: \ud1b5\ud654 \uac00\uce58\uac00 \ud558\ub77d\ud568) \uc55e\uc73c\ub85c \uba87 \ub2ec \ub3d9\uc548 \ub17c\uc7c1\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4. \ub610\ud55c \uc774\ub7f0 \ud658\uc728 \uc6c0\uc9c1\uc784\uc5d0 \ub9de\uc11c\uae30 \uc704\ud55c \uc815\ucc45 \uc218\ub2e8(policy options: \uc911\uc559\uc740\ud589\uc774 \uc4f8 \uc218 \uc788\ub294 \ub300\uc751\ucc45)\uc774 \uc81c\ud55c\uc801\uc774\ub77c\uace0 \ub9d0\ud55c\ub2e4.\n\n\ub610 \uacfc\uac70 \ub2ec\ub7ec \uac15\uc138\ub85c \ub2e4\ub978 \ud1b5\ud654\ub4e4\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \ub354 \uc2f8 \ubcf4\uc600\ub2e4\ub294 \uc810\uc744 \uc5b8\uae09\ud55c\ub2e4. \ub2ec\ub7ec \uae30\uc900 \uac00\uce58\uac00 \u201c\ub354 \uacf5\uc815\ud55c \uc218\uc900(fairer valuations: \uacfc\ub3c4\ud558\uac8c \ube44\uc2f8\uac70\ub098 \uc2f8\uc9c0 \uc54a\uc740 \uc218\uc900)\u201d\uc73c\ub85c \ub418\ub3cc\uc544\uac00\uba74, \uadf8 \ud658\uc728\uc758 \uc0c1\ub300\ud3b8 \ud1b5\ud654\ub4e4\uc740 \uac00\uce58\uac00 \uc624\ub974\ub294(appreciation: \ud1b5\ud654 \uac00\uce58 \uc0c1\uc2b9) \ud750\ub984\uc774 \ub420 \uc218 \uc788\ub2e4\ub294 \ub73b\uc774\ub2e4.\n\n<h3>EUR\/USD \uc635\uc158 \ud2b8\ub808\uc774\ub354\uc5d0 \ub300\ud55c \uc758\ubbf8<\/h3>\n\uc720\ub85c\ub294 \ub2ec\ub7ec \ub300\ube44 \ube60\ub974\uac8c \uac15\uc138\ub97c \ubcf4\uc774\uba70, \uc791\ub144 \ub9d0 \uc57d 1.08 \uc218\uc900\uc5d0\uc11c \ud604\uc7ac 1.14 \uadfc\ucc98\uae4c\uc9c0 \uc62c\ub790\ub2e4. \uc774\ub7f0 \uac15\ud55c \ud750\ub984(\ubaa8\uba58\ud140)\uc740 \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed, Federal Reserve: \ubbf8\uad6d\uc758 \uc911\uc559\uc740\ud589)\uac00 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\ubcf4\ub2e4 \uba3c\uc800 \uae08\ub9ac\ub97c \ub0b4\ub9b4 \uac83\uc774\ub77c\ub294 \uc2dc\uc7a5 \uc608\uc0c1(interest rate cuts: \uae30\uc900\uae08\ub9ac \uc778\ud558)\uc5d0 \uc758\ud574 \ud798\uc744 \ubc1b\uace0 \uc788\ub2e4. \uae30\ubcf8 \ud750\ub984\uc740 \uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548 \ub2ec\ub7ec \uc57d\uc138\uac00 \uc774\uc5b4\uc9c8 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.\n\n\ud558\uc9c0\ub9cc \uc720\ub7fd \uc911\uc559\uc740\ud589 \uad00\uacc4\uc790\ub4e4\uc740 \uc720\ub85c\uc758 \u201c\ud604\uc7ac \uac00\uce58(valuation: \uc801\uc815 \uc218\uc900\uc778\uc9c0 \uc5ec\ubd80)\u201d\ubcf4\ub2e4 \u201c\uc0c1\uc2b9 \uc18d\ub3c4\u201d\ub97c \ub354 \uac71\uc815\ud558\uace0 \uc788\ub2e4. 2026\ub144 1\uc6d4 \uc720\ub85c\uc874(Eurozone: \uc720\ub85c\ub97c \uc4f0\ub294 \uad6d\uac00\ub4e4) \ubb3c\uac00\uc0c1\uc2b9\ub960(inflation: \uc804\ubc18\uc801\uc778 \ubb3c\uac00\uac00 \uc624\ub974\ub294 \uc815\ub3c4)\uc774 2.4%\ub85c \uc9d1\uacc4\ub41c \uc0c1\ud669\uc5d0\uc11c, \ud1b5\ud654\uac00 \ub108\ubb34 \ube68\ub9ac \uac15\ud574\uc9c0\uba74 \uc218\uc785 \ubb3c\uac00\uc0c1\uc2b9\uc774 \uc815\ucc45 \ub2f9\uad6d\uc774 \uc6d0\ud558\ub294 \uc18d\ub3c4\ubcf4\ub2e4 \ub108\ubb34 \ube60\ub974\uac8c \ub20c\ub9b4 \uc218 \uc788\ub2e4. \uc911\uc559\uc740\ud589\uc758 \uad6c\ub450 \uac1c\uc785(verbal intervention: \ub9d0\ub85c \uc2dc\uc7a5 \uae30\ub300\ub97c \uc870\uc815\ud558\ub824\ub294 \ubc1c\uc5b8)\uc740 \ub2e8\uae30 \ub418\ub3cc\ub9bc(pullbacks: \uac00\uaca9\uc774 \uc7a0\uc2dc \ub0b4\ub824\uc624\ub294 \uc6c0\uc9c1\uc784) \uc704\ud5d8\uc744 \ud0a4\uc6b4\ub2e4.\n\n\ud30c\uc0dd\uc0c1\ud488(derivatives: \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \uc815\ud574\uc9c0\ub294 \uc0c1\ud488) \ud2b8\ub808\uc774\ub354 \uc785\uc7a5\uc5d0\uc120, EUR\/USD\uac00 \uc624\ub97c \uac00\ub2a5\uc131\uc774 \ud06c\ub354\ub77c\ub3c4 \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4. \ucf5c\uc635\uc158(call options: \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub294 \ucd94\uac00 \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud558\ub294 \ub300\ud45c \uc804\ub7b5\uc774\uc9c0\ub9cc, \uc911\uc559\uc740\ud589 \ubc1c\uc5b8\uc73c\ub85c \uc778\ud55c \uae09\ub77d\uc5d0 \ub300\ube44\ud574\uc57c \ud55c\ub2e4. \ubd88 \ucf5c \uc2a4\ud504\ub808\ub4dc(bull call spreads: \ub0ae\uc740 \ud589\uc0ac\uac00 \ucf5c\uc744 \uc0ac\uace0, \ub354 \ub192\uc740 \ud589\uc0ac\uac00 \ucf5c\uc744 \ud30c\ub294 \uc870\ud569\uc73c\ub85c \ube44\uc6a9\uc744 \uc904\uc774\uace0 \uc190\uc775 \ubc94\uc704\ub97c \uc815\ud558\ub294 \uc804\ub7b5)\ub294 \uc9c4\uc785 \ube44\uc6a9\uc744 \ub0ae\ucd94\uba74\uc11c \uc704\ud5d8\uc744 \uc81c\ud55c\ud558\ub294 \ubc29\ubc95\uc774 \ub420 \uc218 \uc788\ub2e4.\n\n\ub610\ud55c EUR\/USD \uc635\uc158\uc758 1\uac1c\uc6d4 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(1-month implied volatility: \uc635\uc158 \uac00\uaca9\uc5d0 \ub2f4\uae34 \u201c\uc55e\uc73c\ub85c \ubcc0\ub3d9\uc774 \uc5bc\ub9c8\ub098 \ud074\uc9c0\u201d\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc608\uc0c1\uce58)\uc774 2025\ub144 \ub9d0 \uc800\uc810\uc5d0\uc11c \uc62c\ub77c\uc624\ub294 \ubaa8\uc2b5\uc774 \uad00\ucc30\ub418\uba70, \uc774\ub294 \uc2dc\uc7a5\uc774 \uc0c8\ub85c\uc6b4 \ubd88\ud655\uc2e4\uc131\uc744 \uac00\uaca9\uc5d0 \ubc18\uc601\ud558\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \ub530\ub77c\uc11c \ud2b8\ub808\uc774\ub354\ub294 ECB\uc758 \ud5a5\ud6c4 \uc5f0\uc124\uc744 \uba74\ubc00\ud788 \uc9c0\ucf1c\ubd10\uc57c \ud558\uba70, \uac15\ud55c \ubc1c\uc5b8(rhetoric: \uc2dc\uc7a5\uc5d0 \uc601\ud5a5\uc744 \uc8fc\ub294 \uac15\uacbd\ud55c \ud45c\ud604)\uc774 \ub098\uc624\uba74 \ud604\ubb3c(spot price: \ud604\uc7ac \uc989\uc2dc \uac70\ub798\ub418\ub294 \uac00\uaca9)\uc774 \uc77c\uc2dc\uc801\uc73c\ub85c \ud558\ub77d\ud560 \uc218 \uc788\ub2e4. \uc774\ub7f0 \uc870\uc815\uc740 2\ubd84\uae30\uae4c\uc9c0 \ub354 \ub192\uc740 \uc720\ub85c\uc5d0 \ubca0\ud305\ud558\ub824\ub294 \uc0ac\ub78c\ub4e4\uc5d0\uac8c \ub354 \ub098\uc740 \uc9c4\uc785 \uae30\ud68c\uac00 \ub420 \uc218 \uc788\ub2e4.\n\n<!-- wp:paragraph-->\n<p><b>VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\ub2ec\ub7ec \uc57d\uc138 \uc18d \uc720\ub85c\u00b7\ud06c\ub85c\ub098 \uae09\ub4f1, \uc18d\ub3c4\uac00 \uad00\uac74: ECB\u00b7\ub9ad\uc2a4\ubc29\ud06c\ub294 \uc218\uc785\ubb3c\uac00 \uc601\ud5a5\uacfc PPP \uc800\ud3c9\uac00\ub97c \uc8fc\uc2dc. EUR\/USD 1.08\u21921.14, \ubcc0\ub3d9\uc131\u2191\ub85c \uc635\uc158 \uc804\ub7b5 \uc7ac\uc870\uc815 \ud544\uc694. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-39270","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/39270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=39270"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/39270\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=39270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=39270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=39270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}