{"id":44832,"date":"2026-04-16T17:23:11","date_gmt":"2026-04-16T17:23:11","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bbh%ec%9d%98-%ec%97%98%eb%a6%ac%ec%95%84%ec%8a%a4-%ed%95%98%eb%8b%a4%eb%93%9c-%ec%a3%bc%ea%b0%80-%ec%82%ac%ec%83%81-%ec%b5%9c%ea%b3%a0%ec%b9%98-%ea%b2%bd%ec%8b%a0%c2%b7%eb%8b%ac%eb%9f%ac\/"},"modified":"2026-04-16T17:23:11","modified_gmt":"2026-04-16T17:23:11","slug":"bbh%ec%9d%98-%ec%97%98%eb%a6%ac%ec%95%84%ec%8a%a4-%ed%95%98%eb%8b%a4%eb%93%9c-%ec%a3%bc%ea%b0%80-%ec%82%ac%ec%83%81-%ec%b5%9c%ea%b3%a0%ec%b9%98-%ea%b2%bd%ec%8b%a0%c2%b7%eb%8b%ac%eb%9f%ac","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/bbh%ec%9d%98-%ec%97%98%eb%a6%ac%ec%95%84%ec%8a%a4-%ed%95%98%eb%8b%a4%eb%93%9c-%ec%a3%bc%ea%b0%80-%ec%82%ac%ec%83%81-%ec%b5%9c%ea%b3%a0%ec%b9%98-%ea%b2%bd%ec%8b%a0%c2%b7%eb%8b%ac%eb%9f%ac\/","title":{"rendered":"BBH\uc758 \uc5d8\ub9ac\uc544\uc2a4 \ud558\ub2e4\ub4dc \u201c\uc8fc\uac00 \uc0ac\uc0c1 \ucd5c\uace0\uce58 \uacbd\uc2e0\u00b7\ub2ec\ub7ec \ubc18\ub4f1\u2026IMF \uc131\uc7a5 \uc804\ub9dd \ud558\ud5a5\uc740 \ub4b7\uc804\u201d"},"content":{"rendered":"

\uae00\ub85c\ubc8c \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uacbd\uc2e0\ud588\uace0 \ubbf8\uad6d \ub2ec\ub7ec\ub294 \ub099\ud3ed\uc744 \ub418\ub3cc\ub838\uc9c0\ub9cc, \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF)\uc740 \uc131\uc7a5 \uc804\ub9dd\uc744 \ub0ae\ucdc4\ub2e4. \ubbf8\uad6d \ub2ec\ub7ec\uc9c0\uc218(DXY, \uc8fc\uc694 \ud1b5\ud654 \ub300\ube44 \ub2ec\ub7ec \uac00\uce58\ub97c \ub098\ud0c0\ub0b4\ub294 \uc9c0\uc218)\ub294 \ud5a5\ud6c4 \uba87 \ub2ec \ub3d9\uc548 96.00~100.00 \ubc94\uc704\uc5d0\uc11c \uc6c0\uc9c1\uc77c \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

\ubbf8\uad6d\uacfc \ub2e4\ub978 \uc8fc\uc694\uad6d \uac04 **\uae08\ub9ac \uaca9\ucc28(\uad6d\uac00\ubcc4 \uae30\uc900\uae08\ub9ac \ucc28\uc774)**\uac00 DXY\ub97c \ucd5c\uadfc \uc57d 1\ub144\uac04\uc758 \ubc15\uc2a4\uad8c\uc5d0 \ubb36\uc5b4\ub450\ub294 \uc694\uc778\uc73c\ub85c \uc9c0\ubaa9\ub41c\ub2e4. \ub610\ud55c **\ubbf8\uad6d \uc7a5\uae30 \uc99d\uad8c(\ub9cc\uae30\uac00 \uae34 \ucc44\uad8c\u00b7\uc8fc\uc2dd \ub4f1)\uc73c\ub85c\uc758 \ud574\uc678 \uc790\uae08 \uc720\uc785**\uc774 \ub2e8\uae30\uc801\uc73c\ub85c \ub2ec\ub7ec\ub97c \uc9c0\uc9c0\ud55c\ub2e4\ub294 \ubd84\uc11d\ub3c4 \ub098\uc628\ub2e4.<\/p>\n

\ubbf8\uad6d \uc99d\uad8c\uc5d0 \ub300\ud55c \ud574\uc678 \uc218\uc694<\/h3>\n

\ubbf8 \uc7ac\ubb34\ubd80\uc758 **\uad6d\uc81c\uc790\ubcf8\ud750\ub984(TIC, Treasury International Capital: \ud574\uc678 \ud22c\uc790\uc790\uc758 \ubbf8\uad6d \uc99d\uad8c \ub9e4\ub9e4\u00b7\ubcf4\uc720 \ud750\ub984\uc744 \uc9d1\uacc4\ud55c \ud1b5\uacc4)**\uc5d0 \ub530\ub974\uba74, 2\uc6d4\uae4c\uc9c0 12\uac1c\uc6d4 \ub3d9\uc548 \ud574\uc678 \ud22c\uc790\uc790\ub294 \ubbf8\uad6d \uc7a5\uae30 \uc99d\uad8c\uc744 1\uc8706150\uc5b5\ub2ec\ub7ec \uc21c\ub9e4\uc218\ud588\ub2e4. \ub300\uc0c1\uc740 \uad6d\ucc44(\uc7a5\uae30\uad6d\ucc44\u00b7\uad6d\ucc44\ub178\ud2b8), \ud68c\uc0ac\ucc44, \uc8fc\uc2dd, \uc815\ubd80\uae30\uad00\ucc44(\uc815\ubd80\uac00 \ubcf4\uc99d\u00b7\uc9c0\uc6d0\ud558\ub294 \uae30\uad00\uc774 \ubc1c\ud589\ud55c \ucc44\uad8c) \ubc0f \uae30\ud0c0 \uc7a5\uae30 \uc0c1\ud488 \ub4f1\uc774\ub2e4.<\/p>\n

\ub2e4\ub9cc \ubbf8\uad6d \ub2ec\ub7ec\uac00 \ud574\uc678\ub85c \ub35c \ud758\ub7ec\ub098\uac00\uba74(\ud574\uc678\uc5d0 \uacf5\uae09\ub418\ub294 \ub2ec\ub7ec\uac00 \uc904\uba74) \uc2dc\uac04\uc774 \uac08\uc218\ub85d \ubbf8\uad6d \uc7a5\uae30 \uc99d\uad8c\uc5d0 \ub300\ud55c \ud574\uc678 \uc218\uc694\ub294 \uc644\ud654\ub420 \uc218 \uc788\ub2e4. \uc774\ub294 **\ubbf8\uad6d \ubb34\uc5ed\uc801\uc790 \ucd95\uc18c(\uc218\uc785\uc774 \uc218\ucd9c\ubcf4\ub2e4 \ub9ce\uc544 \ubc1c\uc0dd\ud558\ub294 \uc801\uc790\ub97c \uc904\uc774\ub824\ub294 \uc815\ucc45)** \ub178\ub825\uacfc \uc5f0\uacb0\ub418\uba70, \ud574\uc678\uc5d0 \uc313\uc778 \ub2ec\ub7ec\uac00 \ub2e4\uc2dc \ubbf8\uad6d \uc790\uc0b0\uc73c\ub85c \ub418\ub3cc\uc544\uc624\ub294 **\u2018\ub2ec\ub7ec \uc7ac\uc21c\ud658\u2019(\ud574\uc678 \ub2ec\ub7ec\uac00 \ubbf8 \uad6d\ucc44\u00b7\uc8fc\uc2dd \ub4f1\uc73c\ub85c \uc7ac\ud22c\uc790\ub418\ub294 \ud750\ub984)**\uc774 \uc904\uc5b4\ub4e4 \uc218 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4.<\/p>\n

**\uc5f0\ubc29\uae30\uae08\uae08\ub9ac \uc120\ubb3c(Fed funds futures, \ubbf8\uad6d \uae30\uc900\uae08\ub9ac\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc608\uc0c1 \uacbd\ub85c\ub97c \ubc18\uc601\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488)**\uc740 \uc5f0\ub9d0\uae4c\uc9c0 25bp(0.25%\ud3ec\uc778\ud2b8) \uc778\ud558 \ud655\ub960\uc744 45%\ub85c \ubc18\uc601\ud558\uace0 \uc788\uc73c\uba70, \uc774 \uacbd\uc6b0 \uc815\ucc45\uae08\ub9ac\ub294 3.25~3.50%\uac00 \ub41c\ub2e4. \ub610\ud55c \uc5f0\ub9d0 1\ud68c \uc778\ud558\ub294 \uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(FOMC, \ubbf8\uad6d \ud1b5\ud654\uc815\ucc45\uc744 \uacb0\uc815\ud558\ub294 \uae30\uad6c) \uc804\ub9dd\uacfc \ubd80\ud569\ud558\ub294 \uae30\ubcf8 \uc2dc\ub098\ub9ac\uc624\ub85c\ub3c4 \uc5b8\uae09\ub41c\ub2e4.<\/p>\n

\uc2dc\uc7a5\uc740 \uc5c7\uac08\ub9b0 \uae00\ub85c\ubc8c \uc131\uc7a5 \uc804\ub9dd\ubcf4\ub2e4 \u2018\ubbf8\uad6d \uacbd\uae30 \ud68c\ubcf5\u2019 \ub0b4\ub7ec\ud2f0\ube0c(\uc2dc\uc7a5 \ucc38\uac00\uc790\ub4e4\uc774 \uacf5\uc720\ud558\ub294 \ud574\uc11d\u00b7\uc774\uc57c\uae30)\uc5d0 \ub354 \ubb34\uac8c\ub97c \ub450\uace0 \uac70\ub798\ub97c \uc774\uc5b4\uac00\uace0 \uc788\ub2e4. IMF\ub294 \ucd5c\uadfc \uc138\uacc4 \uc131\uc7a5\ub960\uc774 3.2%\ub85c \uc548\uc815\uc801\uc774\ub77c\uace0 \ubd24\uc9c0\ub9cc, \uc0c1\ub300\uc801\uc73c\ub85c \uacac\uc870\ud55c \ubbf8\uad6d \uacbd\uc81c\uac00 \uc774\ub97c \uc555\ub3c4\ud558\uace0 \uc788\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uc774\ub7ec\ud55c \u2018\ud68c\ubcf5\u2019 \uc911\uc2ec \uc2dc\uac01\uc5d0 \ub3d9\uc758\ud55c\ub2e4.<\/p>\n

\uae08\ub9ac \uaca9\ucc28\uc640 \ubcc0\ub3d9\uc131 \uc804\ub7b5<\/h3>\n

\ud5a5\ud6c4 \uba87 \ub2ec \ub0b4 \ub2ec\ub7ec\uac00 \uc0c8\ub85c\uc6b4 \uacbd\uae30\uc21c\ud658 \uace0\uc810(\ud574\ub2f9 \uad6d\uba74\uc5d0\uc11c\uc758 \ucd5c\uace0\uce58)\uc744 \ub9cc\ub4e4 \uac00\ub2a5\uc131\uc740 \ud06c\uc9c0 \uc54a\ub2e4\uace0 \ubcf8\ub2e4. \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uac00 \uae30\uc900\uae08\ub9ac\ub97c 5.25~5.50%\uc5d0\uc11c \uc720\uc9c0\ud558\ub294 \uac00\uc6b4\ub370, **\uae08\ub9ac \uaca9\ucc28**\uac00 DXY\ub97c \ucd5c\uadfc 103.00~107.00 \ubc94\uc704\uc5d0 \ubb36\uc5b4\ub450\uace0 \uc788\ub2e4. \uc774\ub7f0 \uc548\uc815\uc131\uc740 \uc8fc\uc694 \ud1b5\ud654\uc30d\uc5d0\uc11c **\ubcc0\ub3d9\uc131 \ub9e4\ub3c4(\uac00\uaca9 \ubcc0\ub3d9\uc774 \ucee4\uc9c8 \uac83\uc774\ub77c\ub294 \uae30\ub300\uc5d0 \ubc18\ub300\ud3b8\uc5d0 \uc11c\uc11c \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubc1b\ub294 \uc804\ub7b5)**\ub97c \uace0\ub824\ud560 \ub9cc\ud558\ub2e4\ub294 \uc2e0\ud638\ub2e4.<\/p>\n

\ub610\ud55c \ubbf8\uad6d \uc7a5\uae30 \uc99d\uad8c\uc5d0 \ub300\ud55c \ud574\uc678 \uc218\uc694\ub294 \uc5ec\uc804\ud788 \uacac\uc870\ud574 \ub2ec\ub7ec\uc758 \u2018\ubc14\ub2e5\u2019\uc744 \ud615\uc131\ud55c\ub2e4. \ucd5c\uadfc TIC \ud1b5\uacc4\uc5d0 \ub530\ub974\uba74 \uc62c\ud574 \ucd08 \ud55c \ub2ec \ub3d9\uc548 \ud574\uc678\uc5d0\uc11c 516\uc5b5\ub2ec\ub7ec\uc758 \uc21c\uc720\uc785\uc774 \ubc1c\uc0dd\ud588\ub2e4. \ubbf8\uad6d \uc790\uc0b0 \uc120\ud638\uac00 \uc774\uc5b4\uc9c0\uba74 \ud1b5\ud654\uc5d0\ub3c4 \uc9c0\uc9c0\ub825\uc774 \uc0dd\uae34\ub2e4.<\/p>\n

\ub2e4\ub9cc \uc2dc\uac04\uc774 \ud750\ub97c\uc218\ub85d \ubbf8\uad6d \uc7a5\uae30 \uc99d\uad8c\uc5d0 \ub300\ud55c \ud574\uc678 \uc218\uc694\ub294 \uc57d\ud574\uc9c8 \uc218 \uc788\ub2e4. 2025\ub144\uc5d0 \ubb34\uc5ed\uc815\ucc45 \ubcc0\ud654 \uac00\ub2a5\uc131\uc744 \ub450\uace0 \uc81c\uae30\ub410\ub358 \uc6b0\ub824\uc640 \ube44\uc2b7\ud55c \ub9e5\ub77d\uc774\ub2e4. \ud070 \ud3ed\uc758 \ubbf8\uad6d \ubb34\uc5ed\uc801\uc790\ub97c \uad00\ub9ac\ud558\ub824\ub294 \uc6c0\uc9c1\uc784\uc774 \uc774\uc5b4\uc9c0\uba74 \uacb0\uad6d \ud574\uc678\ub85c \uc720\ucd9c\ub418\ub294 \ub2ec\ub7ec\uac00 \uc904\uc5b4\ub4e0\ub2e4. \uadf8\ub7ec\uba74 \uadf8 \uc790\uae08\uc774 \ubbf8\uad6d \uc99d\uad8c\uc73c\ub85c \ub2e4\uc2dc \ub4e4\uc5b4\uc624\ub294 \ud544\uc694\ub3c4 \uac10\uc18c\ud55c\ub2e4.<\/p>\n

\uc5f0\ubc29\uae30\uae08\uae08\ub9ac \uc120\ubb3c\uc740 \uc774\uc81c \uc5f0\ub9d0\uae4c\uc9c0 1~2\ud68c \uc778\ud558 \uc815\ub3c4\ub9cc \ubc18\uc601\ud558\ub294 \ubd84\uc704\uae30\uc774\uba70, \uc774\ub294 \uc774\uc804 \uc804\ub9dd\uc5d0\uc11c\uc758 \ud070 \ubcc0\ud654\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc740 \ubc15\uc2a4\uad8c \uc804\ub9dd\uc744 \ub4b7\ubc1b\uce68\ud558\uba70, \uc720\ub85c\/\ub2ec\ub7ec(EUR\/USD) \uac19\uc740 \ud1b5\ud654\uc30d\uc5d0\uc11c **\uc2a4\ud2b8\ub798\ub4e4\u00b7\uc2a4\ud2b8\ub7ad\uae00 \ub9e4\ub3c4(\ub458 \ub2e4 \uc635\uc158 \uc804\ub7b5: \ud070 \ubcc0\ub3d9\uc744 \uae30\ub300\ud558\ub294 \ud3ec\uc9c0\uc158\uc758 \ubc18\ub300\ud3b8\uc5d0 \uc11c\uc11c \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubc1b\ub294 \ubc29\uc2dd. \uc2a4\ud2b8\ub798\ub4e4\uc740 \uac19\uc740 \ud589\uc0ac\uac00, \uc2a4\ud2b8\ub7ad\uae00\uc740 \ub2e4\ub978 \ud589\uc0ac\uac00\ub97c \uc0ac\uc6a9)** \uac19\uc740 \uc804\ub7b5\uc774 \ub9e4\ub825\uc801\uc77c \uc218 \uc788\ub2e4. **\ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc2dc\uc7a5\uc758 \ubcc0\ub3d9 \uc608\uc0c1\uce58)**\uc774 \ub192\uc9c0\ub9cc \uc2e4\uc81c\ub85c\ub294 \uc548\uc815\uc774 \uc608\uc0c1\ub418\ub294 \uad6c\uac04\uc744 \uae30\ud68c\ub85c \ubcfc \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\ub2ec\ub7ec, \ubc15\uc2a4\uad8c \uad73\ud788\ub098\u201d \uae00\ub85c\ubc8c \uc99d\uc2dc\ub294 \uc2e0\uace0\uac00\uc9c0\ub9cc IMF \uc131\uc7a5\uc804\ub9dd \ud558\ud5a5. \uae08\ub9ac \uaca9\ucc28\u00b7\ud574\uc678 \uc790\uae08\uc758 \ubbf8 \uc7a5\uae30\uc99d\uad8c \uc21c\uc720\uc785\uc774 DXY\ub97c 96~100(\ub610\ub294 103~107) \ubc94\uc704\uc5d0 \ubb36\uc5b4 \ubcc0\ub3d9\uc131 \ub9e4\ub3c4 \uc804\ub7b5\uc774 \ubd80\uac01\ub41c\ub2e4.<\/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-44832","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\/44832","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=44832"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44832\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}