{"id":40866,"date":"2026-03-13T04:47:17","date_gmt":"2026-03-13T04:47:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%b6%84%ec%9f%81-%eb%b0%9c%eb%b0%9c-%ec%9d%b4%ed%9b%84-%ec%9c%84%ec%95%88%ed%99%94-%ec%88%98%ec%9a%94-%ea%b0%95%ed%99%94%ed%97%a4%ec%a7%80-%ec%9e%ac%ec%a1%b0%ec%a0%95%c2%b7%ec%a4%91\/"},"modified":"2026-03-13T04:47:17","modified_gmt":"2026-03-13T04:47:17","slug":"%eb%b6%84%ec%9f%81-%eb%b0%9c%eb%b0%9c-%ec%9d%b4%ed%9b%84-%ec%9c%84%ec%95%88%ed%99%94-%ec%88%98%ec%9a%94-%ea%b0%95%ed%99%94%ed%97%a4%ec%a7%80-%ec%9e%ac%ec%a1%b0%ec%a0%95%c2%b7%ec%a4%91","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%b6%84%ec%9f%81-%eb%b0%9c%eb%b0%9c-%ec%9d%b4%ed%9b%84-%ec%9c%84%ec%95%88%ed%99%94-%ec%88%98%ec%9a%94-%ea%b0%95%ed%99%94%ed%97%a4%ec%a7%80-%ec%9e%ac%ec%a1%b0%ec%a0%95%c2%b7%ec%a4%91\/","title":{"rendered":"\ubd84\uc7c1 \ubc1c\ubc1c \uc774\ud6c4 \uc704\uc548\ud654 \uc218\uc694 \uac15\ud654\u2026\ud5e4\uc9c0 \uc7ac\uc870\uc815\u00b7\uc911\uad6d \uc99d\uc2dc \uacac\uc870 \uc601\ud5a5, \uc81c\ud504 \uc720 \uc9c4\ub2e8"},"content":{"rendered":"BNY\ub294 \ubd84\uc7c1\uc774 \uc2dc\uc791\ub41c \uc774\ud6c4 \uc911\uad6d \uc704\uc548\ud654\uc5d0 \ub300\ud55c \uc218\uc694\uac00 \ub298\uc5c8\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uc774\ub7f0 \uc99d\uac00\uac00 \uc8fc\ub85c \uae30\uc874 \ud5e4\uc9c0(\ud658\uc728 \ubcc0\ub3d9 \uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud55c \uac70\ub798)\ub97c \uccad\uc0b0\ud55c \uc601\ud5a5\ub9cc\uc740 \uc544\ub2c8\ub77c\uace0 \uc124\uba85\ud588\uc73c\uba70, \uc8fc\uc2dd \ub4f1 \uc911\uad6d \uc790\uc0b0\uc774 \ube44\uad50\uc801 \uacac\uc870\ud588\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.\n\n\ud604\uc7ac \uc704\uc548\ud654 \ud5e4\uc9c0 \uaddc\ubaa8\ub294 \ucd5c\uadfc 1\ub144 \ud3c9\uade0(\ub9e4\uc77c \uac31\uc2e0\ud574 \uacc4\uc0b0\ud558\ub294 \u2018\ub864\ub9c1 1\ub144 \ud3c9\uade0\u2019)\ubcf4\ub2e4 \uc57d 30% \ub0ae\ub2e4. BNY\ub294 \uacfc\uac70\uc5d0 \ucda9\ubd84\ud788 \uc313\uc9c0 \uc54a\uc558\ub358 \ud3ec\uc9c0\uc158(underhedged, \ud544\uc694\ud55c \ub9cc\ud07c \uc704\ud5d8\uc744 \ub9c9\uc9c0 \uc54a\uc740 \uc0c1\ud0dc)\uc774 \ud574\uc18c\ub41c \uacb0\uacfc\ub77c\uace0 \ubd24\ub2e4.\n\n

\uc704\uc548\ud654 \ubcc0\ub3d9\uc131\uc740 \uc81c\ud55c\uc801<\/h3>\nBNY\ub294 \ub2f9\uad6d\uc758 \ud658\uc728 \uad00\ub9ac\uac00 \uc2e4\uc81c \ubcc0\ub3d9\uc131(\uc2e4\ud604 \ubcc0\ub3d9\uc131, \uacfc\uac70 \uac00\uaca9 \uc6c0\uc9c1\uc784\uc73c\ub85c \uacc4\uc0b0\ud55c \ubcc0\ub3d9\uc131)\uc744 \ub0ae\uac8c \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \ub610 \uc544\uc2dc\uc544\u00b7\ud0dc\ud3c9\uc591 \uc9c0\uc5ed\uc758 \ub2e8\uae30 \uacbd\uc0c1\uc218\uc9c0 \ud751\uc790(\uc218\ucd9c\uc785\u00b7\uc11c\ube44\uc2a4 \uac70\ub798 \ub4f1 \uad6d\uac00 \uac04 \uac70\ub798\uc758 \uc21c\ud751\uc790)\ub294 \uc5d0\ub108\uc9c0 \uacf5\uae09 \ucc28\uc9c8(\uc5d0\ub108\uc9c0 \ubcd1\ubaa9)\ub85c \uc704\ud5d8\uc774 \ucee4\uc9c8 \uc218 \uc788\uc9c0\ub9cc, \uc911\uad6d\uc740 \ubd81\uc544\uc2dc\uc544\u00b7\ub3d9\uc544\uc2dc\uc544\uc758 \ub2e4\ub978 \uad6d\uac00\ub4e4\ubcf4\ub2e4 \uc601\ud5a5\uc774 \uc791\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.\n\n\uc2dc\uac04\uc774 \uc9c0\ub098\uba74\uc11c \uc2dc\uc7a5 \uc811\uadfc\uc131\uc774 \uc88b\uc544\uc9c0\uace0 \uc790\ubcf8\uc2dc\uc7a5 \uac1c\ud601\uc774 \uc774\uc5b4\uc9c0\uba74 \uc911\uad6d \ucc44\uad8c\uacfc \uc8fc\uc2dd\uc73c\ub85c \uc790\uae08 \uc7ac\ubc30\ubd84\uc774 \uc810\uc9c4\uc801\uc73c\ub85c \ub298 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4. \ub2e4\ub9cc \uc678\uad6d\uc778\uc758 \uc911\uad6d \uc790\uc0b0 \ubcf4\uc720\ub294 \ubbf8\uad6d \uc790\uc0b0 \ubcf4\uc720\uc640 \ube44\uad50\ud558\uba74 \uc544\uc9c1 \uaddc\ubaa8\uac00 \uc791\uc544, \uc911\uad6d\uc5d0 \ub300\ud55c \uad00\uc2ec\uc774 \ub298\uc5b4\ub3c4 \uc804\uccb4 \ubbf8\uad6d \ud22c\uc790 \ube44\uc911(\ubbf8\uad6d \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ubc30\ubd84)\uc744 \ud06c\uac8c \ubc14\uafb8\uc9c0\ub294 \uc54a\uc744 \uac83\uc774\ub77c\uace0 \ud588\ub2e4.\n\n\uc704\uc548\ud654 \ub9e4\uc218\uc138\uac00 \uc608\uc0c1\ubcf4\ub2e4 \uac15\ud558\uac8c \ub098\ud0c0\ub098\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uacfc\uac70 \ud5e4\uc9c0 \uccad\uc0b0\ub9cc\uc73c\ub85c \uc124\uba85\ub418\uc9c0\ub294 \uc54a\ub294\ub2e4\ub294 \uad00\uce21\uc774 \ub098\uc628\ub2e4. \ub2ec\ub7ec\/\uc704\uc548(USD\/CNY, \ub2ec\ub7ec \ub300\ube44 \uc704\uc548 \ud658\uc728)\uc774 7.20 \uc544\ub798\uc5d0\uc11c \uc548\uc815\uc801\uc73c\ub85c \uc6c0\uc9c1\uc774\ub294 \uac00\uc6b4\ub370, 2025\ub144 \ub9d0\uc5d0 \ub204\uc801\ub418\ub358 \u2018\ud5e4\uc9c0\uac00 \ubd80\uc871\ud55c \ud3ec\uc9c0\uc158\u2019\uc774 \uc815\ub9ac\ub41c \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \uc774\ub294 \uc55e\uc73c\ub85c \uc704\uc548\ud654\uc5d0 \uc9c0\uc9c0 \uae30\ubc18\uc774 \ub420 \uc218 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4.\n\n\ub2f9\uad6d\uc758 \uad00\ub9ac\ub85c \uc704\uc548\ud654 \uae09\ub4f1\ub77d\uc774 \uc81c\ud55c\ub418\uba70, \ud604\uc7ac \uac19\uc740 \uae00\ub85c\ubc8c \ud658\uacbd\uc5d0\uc11c \ubcc0\ub3d9\uc131\uc774 \uc774\ub840\uc801\uc73c\ub85c \ub0ae\ub2e4\ub294 \ud3c9\uac00\uac00 \ub098\uc628\ub2e4. \ud55c \ub2ec \ub9cc\uae30 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc608\uc0c1 \ubcc0\ub3d9\uc131)\uc778 USD\/CNY 1\uac1c\uc6d4 \ub0b4\uc7ac\ubcc0\ub3d9\uc131\uc740 \uc57d 4.8% \uc218\uc900\uc5d0\uc11c \uc6c0\uc9c1\uc774\uace0 \uc788\uc73c\uba70, \uc9c0\ub09c\ud574 \ub9d0 \uace0\uc810 \ub300\ube44 \ud06c\uac8c \ub0ae\uc544\uc84c\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 \ubcc0\ub3d9\uc131 \ub9e4\ub3c4 \uc804\ub7b5\uc774 \uc8fc\ubaa9\ub420 \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc1fc\ud2b8 \uc2a4\ud2b8\ub7ad\uae00(short strangle, \ud589\uc0ac\uac00\uac00 \ub2e4\ub978 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\ub3c4\ud574 \uac00\uaca9\uc774 \ud2b9\uc815 \ubc94\uc704\uc5d0 \uba38\ubb3c\uba74 \ud504\ub9ac\ubbf8\uc5c4\uc744 \uc5bb\ub294 \uc804\ub7b5)\uc740 \ud658\uc728\uc774 \uc548\uc815\uc801\uc77c \uac83\uc73c\ub85c \ubcf4\ub294 \uac70\ub798\uc790\uc5d0\uac8c \uc720\ub9ac\ud560 \uc218 \uc788\ub2e4.\n\n

\uc790\uae08 \ud750\ub984\uc774 \uc704\uc548\ud654\ub97c \uc9c0\uc9c0<\/h3>\n\uc911\uad6d \uc790\uc0b0\uc73c\ub85c \uc790\uae08\uc774 \uc810\uc9c4\uc801\uc774\uc9c0\ub9cc \uafb8\uc900\ud788 \uc720\uc785\ub418\ub294 \ud750\ub984\ub3c4 \uad00\uce21\ub41c\ub2e4. \uc9c0\ub09c\ub2ec \uc911\uad6d \ucc44\uad8c\uc2dc\uc7a5\uc73c\ub85c \uc57d 120\uc5b5 \ub2ec\ub7ec\uac00 \ub4e4\uc5b4\uc628 \uc810\uc774 \uc774\ub97c \ub4b7\ubc1b\uce68\ud55c\ub2e4. \uc774\ub7f0 \ud22c\uc790 \ube44\uc911\uc740 \uc5ec\uc804\ud788 \ubbf8\uad6d \uc790\uc0b0 \ubcf4\uc720\uc5d0 \ube44\ud574 \uc791\uc9c0\ub9cc, \uc704\uc548\ud654\uc5d0 \ub300\ud55c \uafb8\uc900\ud55c \uc218\uc694\ub97c \ub9cc\ub4e4 \uc218 \uc788\uc5b4 \ud658\uc728\uc774 \uc548\uc815\uc801\uc774\uac70\ub098 \uc644\ub9cc\ud558\uac8c \uac15\uc138\ub97c \ubcf4\uc77c \uac00\ub2a5\uc131\uc744 \ub192\uc778\ub2e4\ub294 \ud3c9\uac00\ub2e4.\n\n2025\ub144 \ub9d0\uc5d0\ub294 \uae00\ub85c\ubc8c \ubb34\uc5ed \ubd88\uc548(\uad50\uc5ed \uad00\ub828 \ubd88\ud655\uc2e4\uc131)\uc73c\ub85c \uc704\uc548\ud654 \uc57d\uc138\uc5d0 \ubca0\ud305\ud55c \ucc38\uc5ec\uc790\ub4e4\uc774 \ub9ce\uc558\ub2e4. \ud5e4\uc9c0 \uc218\uc900\uc774 \uc5ec\uc804\ud788 1\ub144 \ud3c9\uade0\uc744 \ud06c\uac8c \ubc11\ub3c4\ub294 \ub9cc\ud07c, \uae30\uc5c5\uacfc \ud22c\uc790\uc790\uac00 \uc704\uc548\ud654 \ubcf4\uc720 \ub610\ub294 \ud5e4\uc9c0\ub97c \ub298\ub9b4 \uc5ec\uc9c0\uac00 \ub0a8\uc544 \uc788\ub2e4\ub294 \ud574\uc11d\uc774 \ub098\uc628\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc704\uc548\ud654 \ucf5c\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc73c\ub85c \uc704\uc548\uc744 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\uc2dd\uc774, \ud5e4\uc9c0 \ud655\ub300\uc5d0 \ub530\ub978 \uc704\uc548\ud654 \uc218\uc694 \uc99d\uac00(\uce90\uce58\uc5c5)\ub97c \ub178\ub9ac\ub294 \ube44\uad50\uc801 \ube44\uc6a9 \ubd80\ub2f4\uc774 \ub0ae\uc740 \uc804\ub7b5\uc774 \ub420 \uc218 \uc788\ub2e4\ub294 \uad00\uce21\ub3c4 \uc788\ub2e4.\n\n\ub610 \uc911\uad6d\uc740 \uc9c0\ub09c\ud574 \ubd81\uc544\uc2dc\uc544\u00b7\ub3d9\uc544\uc2dc\uc544 \uc8fc\ubcc0\uad6d\uc744 \ud754\ub4e0 \uc5d0\ub108\uc9c0 \uacf5\uae09 \ucc28\uc9c8\uc758 \uc601\ud5a5\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \uc791\uc558\ub2e4\ub294 \uc810\uc774 \uae0d\uc815 \uc694\uc778\uc73c\ub85c \uac70\ub860\ub41c\ub2e4. \ucc28\uc774\uc2e0 \uc81c\uc870\uc5c5 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218, 50 \uc774\uc0c1\uc774\uba74 \uacbd\uae30 \ud655\uc7a5\uc73c\ub85c \ud574\uc11d\ub418\ub294 \uc124\ubb38 \uc9c0\ud45c)\uac00 \uc644\ub9cc\ud55c \ud655\uc7a5\uc744 \ubcf4\uc5ec \uacbd\uc81c\uc758 \ubc84\ud300\ubaa9\uc744 \uc2dc\uc0ac\ud588\ub2e4\ub294 \ubd84\uc11d\ub3c4 \uc788\ub2e4. \ud30c\uc0dd\uc0c1\ud488(\uc120\ubb3c\u00b7\uc635\uc158 \ub4f1 \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \uac00\uce58\uac00 \uc815\ud574\uc9c0\ub294 \uc0c1\ud488) \uac70\ub798\uc790\uc5d0\uac8c\ub294 \ub2e4\ub978 \uc544\uc2dc\uc544 \ud1b5\ud654 \uc57d\uc138\uac00 \uc7ac\ubd80\uac01\ub420 \ub54c\ub97c \ub300\ube44\ud55c \u2018\uc704\uc548\ud654 \ub9e4\uc218 \ud3ec\uc9c0\uc158\u2019\uc774 \ubc29\uc5b4 \uc218\ub2e8(\ud5e4\uc9c0)\uc774 \ub420 \uc218 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4.\n

\n\n

\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 – VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 \uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\uc704\uc548\ud654 \ub2e4\uc2dc \uc8fc\ubaa9\u201d BNY\ub294 \ubd84\uc7c1 \uc774\ud6c4 \uc704\uc548\ud654 \uc218\uc694\uac00 \uc99d\uac00\ud588\uace0, \ud5e4\uc9c0 \uccad\uc0b0\ub9cc\uc758 \ud6a8\uacfc\uac00 \uc544\ub2c8\ub77c\uace0 \uc9c4\ub2e8. \ub2f9\uad6d \uad00\ub9ac\ub85c \ubcc0\ub3d9\uc131\uc740 \ub0ae\uace0, \ucc44\uad8c \uc790\uae08\uc720\uc785\uc774 \ud658\uc728\uc744 \uc9c0\uc9c0.<\/p>\n","protected":false},"author":87,"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-40866","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\/40866","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=40866"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/40866\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=40866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=40866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=40866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}