USD\/CHF\ub294 4\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\uc138\ub97c \uc774\uc5b4\uac00\uba70 \uae08\uc694\uc77c \uc544\uc2dc\uc544\uc7a5\uc5d0\uc11c 0.7870\uc120 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub410\uace0, 0.7900\uc120\uc73c\ub85c \uc0c1\uc2b9\uc744 \uc2dc\ub3c4\ud588\ub2e4. \ubbf8\uad6d \ub2ec\ub7ec\ub294 \ubbf8\uad6d\u00b7\uc774\ub780 \uac08\ub4f1\uacfc \uad00\ub828\ub41c \ubd88\ud655\uc2e4\uc131\uc73c\ub85c \uc548\uc804\uc790\uc0b0(\uc704\ud5d8\uc774 \ucee4\uc9c8 \ub54c \uc790\uae08\uc774 \ubab0\ub9ac\ub294 \uc790\uc0b0) \uc218\uc694\uac00 \ub298\uba70 \uac15\uc138\ub97c \ubcf4\uc600\ub2e4.<\/p>\n
\ub808\ubc14\ub17c\uc740 \uc6cc\uc2f1\ud134\uc5d0\uc11c \uc5f4\ub9ac\ub294 \ub450 \ubc88\uc9f8 \uc9c1\uc811 \ud611\uc0c1\uc5d0\uc11c \uc774\uc2a4\ub77c\uc5d8\uacfc\uc758 \ud604\ud589 \ud734\uc804 \ud611\uc815\uc744 1\uac1c\uc6d4 \uc5f0\uc7a5\ud558\ub294 \ubc29\uc548\uc744 \ucd94\uc9c4\ud560 \uc608\uc815\uc774\ub2e4. \uc774\uc2a4\ub77c\uc5d8\uc758 \ub300\ub2c8 \ub2e4\ub17c \uc720\uc5d4 \ub300\uc0ac\ub294 \uc5f0\uc7a5 \uac00\ub2a5\uc131\uc774 \u201c100%\ub294 \uc544\ub2c8\ub2e4\u201d\ub77c\uace0 \ub9d0\ud588\ub2e4.<\/p>\n
\ubbf8\uad70\uc740 \ubd09\uc1c4\ub97c \ud53c\ud558\ub824 \ud588\ub2e4\ub294 \uc758\ud639\uc744 \ubc1b\ub294 \uc774\ub780\uc0b0 \uc6d0\uc720 \ucd08\ub300\ud615 \uc720\uc870\uc120 2\ucc99\uc744 \uc800\uc9c0\ud588\ub2e4. \uc774\ub780\uc740 \ud638\ub974\ubb34\uc988 \ud574\ud611(\uc911\ub3d9 \uc6d0\uc720 \uc218\uc1a1\uc758 \ud575\uc2ec \ud574\uc0c1 \uc694\ucda9\uc9c0)\uc744 \uc9c0\ub098\ub294 \uc120\ubc15\ub4e4\uc5d0 \uc704\ud611\uc744 \uac00\ud588\ub2e4. \ubbf8\uad6d \ub2f9\uad6d\uc740 \ud734\uc804\uc774 \uc885\ub8cc\ub420 \uacbd\uc6b0 \uc774\ub780\uc758 \ud574\ud611 \ud1b5\uc81c \ub2a5\ub825(\ud574\ud611 \ubd09\uc1c4\u00b7\uad50\ub780 \uc218\ub2e8)\uc744 \uaca8\ub0e5\ud558\ub294 \ub300\uc751 \uacc4\ud68d(\ube44\uc0c1 \ub300\ucc45)\uc744 \uc900\ube44 \uc911\uc774\ub2e4.<\/p>\n
\ubbf8\uad6d \uc8fc\uac04 \uc2e0\uaddc \uc2e4\uc5c5\uc218\ub2f9 \uccad\uad6c\uac74\uc218(\uc2e4\uc5c5\uc218\ub2f9\uc744 \ucc98\uc74c \uc2e0\uccad\ud55c \uac74\uc218)\ub294 21\ub9cc2\ucc9c \uac74\uc5d0\uc11c 21\ub9cc5\ucc9c \uac74\uc73c\ub85c \ub298\uc5c8\ub2e4. S&P \uae00\ub85c\ubc8c PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u00b7\uae30\uc5c5\uc758 \uacbd\uae30 \uccb4\uac10\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\ub294 \uc608\uc0c1\uce58\ub97c \uc6c3\ub3cc\uc558\uace0, \uc81c\uc870\uc5c5\uc740 54.0, \uc11c\ube44\uc2a4\uc5c5\uc740 51.3\uc744 \uae30\ub85d\ud588\ub2e4.<\/p>\n
\uc2a4\uc704\uc2a4\uc5d0\uc11c\ub294 3\uc6d4 \ubb34\uc5ed\uc218\uc9c0 \ud751\uc790(\uc218\ucd9c\uc774 \uc218\uc785\ubcf4\ub2e4 \ub9ce\uc740 \uaddc\ubaa8)\uac00 2\uc6d4(\uc218\uc815\uce58) 44\uc5b5 \uc2a4\uc704\uc2a4\ud504\ub791\uc5d0\uc11c 27\uc5b5 \uc2a4\uc704\uc2a4\ud504\ub791\uc73c\ub85c \ucd95\uc18c\ub410\ub2e4. \uc218\uc785\uc740 \uc804\uc6d4 \ub300\ube44 10.1% \ub298\uc5b4 196\uc5b5 \uc2a4\uc704\uc2a4\ud504\ub791, \uc218\ucd9c\uc740 1% \uc99d\uac00\ud574 224\uc5b5 \uc2a4\uc704\uc2a4\ud504\ub791\uc744 \uae30\ub85d\ud588\ub2e4.<\/p>\n
2025\ub144 \ub9d0 \uae34\uc7a5 \uc644\ud654 \ud569\uc758 \uc774\ud6c4 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uacfc\ub3c4\ud55c \uc8fc\ubaa9\uc740 \uc7a6\uc544\ub4e4\uc5c8\ub2e4. \ub2f9\uc2dc \ub2ec\ub7ec\uc640 \uc2a4\uc704\uc2a4\ud504\ub791\uc744 \uc9c0\uc9c0\ud558\ub358 \u2018\uc548\uc804\uc790\uc0b0 \ub9e4\uc218\uc138\u2019\uac00 \uc57d\ud574\uc9c0\uba74\uc11c, \uc2dc\uc7a5\uc758 \uad00\uc2ec\uc740 \uc9c0\uc815\ud559\uc801 \ucda9\ub3cc\ubcf4\ub2e4 \uc911\uc559\uc740\ud589\uc758 \ud1b5\ud654\uc815\ucc45 \ucc28\uc774(\uc815\ucc45 \ucc28\ubcc4\ud654)\ub85c \uc62e\uaca8\uac14\ub2e4.<\/p>\n
\ubbf8\uad6d \uacbd\uc81c\uc9c0\ud45c\ub294 \uacfc\uac70\ucc98\ub7fc \ud55c \ubc29\ud5a5\uc73c\ub85c \uac15\ud558\uc9c0 \uc54a\uace0, \ud63c\uc7ac\ub3fc \uc788\uc73c\ub098 \uc804\ubc18\uc801\uc73c\ub85c\ub294 \uc548\uc815\uc801\uc774\ub2e4. \ucd5c\uadfc \uc2e0\uaddc \uc2e4\uc5c5\uc218\ub2f9 \uccad\uad6c\ub294 \uc8fc 21\ub9cc \uac74 \uc548\ud30e\uc5d0\uc11c \ud070 \ubcc0\ub3d9\uc774 \uc5c6\uc9c0\ub9cc, \ucd5c\uc2e0 ISM \uc81c\uc870\uc5c5 PMI(\ubbf8 \uacf5\uae09\uad00\ub9ac\ud611\ud68c\uac00 \ubc1c\ud45c\ud558\ub294 \uc81c\uc870\uc5c5 \uacbd\uae30\uc9c0\ud45c)\ub294 49.8\ub85c \ub0b4\ub824 50 \ubbf8\ub9cc(\uacbd\uae30 \uc704\ucd95)\uc744 \ub098\ud0c0\ub0c8\ub2e4. \ub2e4\ub9cc \uc11c\ube44\uc2a4\uc5c5\uc740 \uc5ec\uc804\ud788 \ubc84\ud300\ubaa9\uc73c\ub85c, \uc11c\ube44\uc2a4 PMI\ub294 53.5\ub85c \uacac\uc870\ud588\ub2e4.<\/p>\n
2025\ub144\uc5d0 \uc81c\uae30\ub410\ub358 \u2018\uc2a4\uc704\uc2a4\uad6d\ub9bd\uc740\ud589(SNB\u00b7\uc2a4\uc704\uc2a4\uc758 \uc911\uc559\uc740\ud589)\uc774 \ub354 \uac15\ud558\uac8c \uae08\ub9ac\ub97c \uc62c\ub9b4 \uac83\u2019\uc774\ub77c\ub294 \uad00\uce21\uc740 \ube57\ub098\uac14\ub2e4. \ucd5c\uc2e0 \ubb3c\uac00 \uc0c1\uc2b9\ub960\uc774 1.2%\uae4c\uc9c0 \ub0b4\ub824\uc624\uc790 SNB\ub294 \uc8fc\uc694 \uc911\uc559\uc740\ud589 \uac00\uc6b4\ub370 \uc774\ub978 \ud3b8\uc73c\ub85c \uae08\ub9ac \uc778\ud558(\uc644\ud654 \uc0ac\uc774\ud074\u00b7\uacbd\uae30\ub97c \uc0b4\ub9ac\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \ub0b4\ub9ac\ub294 \ud750\ub984)\uc5d0 \ub4e4\uc5b4\uac14\uace0, \uc9c0\ub09c\ub2ec \uae30\uc900\uae08\ub9ac(\uc815\ucc45\uae08\ub9ac)\ub97c 1.50%\ub85c \ub0b4\ub838\ub2e4. \ubc18\uba74 \ubbf8 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\ubbf8\uad6d \uc911\uc559\uc740\ud589)\ub294 \uc815\ucc45\uae08\ub9ac\ub97c \ub3d9\uacb0(\ubcc0\uacbd\ud558\uc9c0 \uc54a\uc74c)\ud558\uace0 \uc788\ub2e4.<\/p>\n
\uc774\ub7f0 \uc815\ucc45 \ucc28\uc774\ub294 \uae08\ub9ac \uaca9\ucc28(\ub450 \ub098\ub77c \uae08\ub9ac \ucc28)\ub97c \ud0a4\uc6cc \ub2ec\ub7ec\uc5d0 \uc720\ub9ac\ud558\uac8c \uc791\uc6a9\ud558\uba70 USD\/CHF\uc5d0 \uc0c1\uc2b9 \uc555\ub825\uc744 \uc900\ub2e4. \ud30c\uc0dd\uc0c1\ud488(\uc635\uc158\u00b7\uc120\ubb3c \ub4f1 \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uc0c1\ud488) \uac70\ub798\uc790\ub294 \uc678\uac00\uaca9(out-of-the-money\u00b7\ud604\uc7ac \uac00\uaca9\uc73c\ub85c\ub294 \ub2f9\uc7a5 \uc774\uc775\uc774 \ub098\uc9c0 \uc54a\ub294) USD\/CHF \ud48b\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uad8c\ub9ac)\uc744 \ub9e4\ub3c4\ud558\uac70\ub098, \u2018\ubd88 \ud48b \uc2a4\ud504\ub808\ub4dc\u2019(\ub0ae\uc740 \ud589\uc0ac\uac00 \ud48b\uc744 \ub9e4\uc218\ud558\uace0 \ub354 \ub192\uc740 \ud589\uc0ac\uac00 \ud48b\uc744 \ub9e4\ub3c4\ud574 \uc21c\ud504\ub9ac\ubbf8\uc5c4\uc744 \ubc1b\ub294 \uac15\uc138 \uc804\ub7b5)\ub97c \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc774\ub294 \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc(\uae08\ub9ac\uac00 \ub0ae\uc740 \ud1b5\ud654\ub85c \ube4c\ub824 \uae08\ub9ac\uac00 \ub192\uc740 \ud1b5\ud654 \uc790\uc0b0\uc5d0 \ud22c\uc790) \ud6a8\uacfc\uc640 \uae08\ub9ac \uaca9\ucc28\uac00 \ub9cc\ub4dc\ub294 \ud558\ubc29 \uc9c0\uc9c0(\uac00\uaca9\uc774 \ud06c\uac8c \ub5a8\uc5b4\uc9c0\uae30 \uc5b4\ub824\uc6b4 \uc694\uc778)\ub97c \ud65c\uc6a9\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4.<\/p>\n
\ub610 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc608\uc0c1 \ubcc0\ub3d9 \ud3ed)\uc740 2025\ub144 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5 \uad6d\uba74\uc758 \uace0\uc810 \uc774\ud6c4 \ud06c\uac8c \ub0ae\uc544\uc84c\ub2e4. \ubcc0\ub3d9\uc131\uc774 \ub0ae\uc73c\uba74 \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc774 \uc2f8\uc9c0\ub294 \uacbd\ud5a5\uc774 \uc788\uc5b4, \ucf5c\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uad8c\ub9ac)\uc73c\ub85c \uc911\uc7a5\uae30 \uac15\uc138 \ud3ec\uc9c0\uc158\uc744 \uad6c\ucd95\ud558\uae30\uac00 \uc218\uc6d4\ud574\uc9c4\ub2e4. 3~6\uac1c\uc6d4 \ub9cc\uae30\uc758 \ucf5c\uc635\uc158 \ub9e4\uc218\ub85c \uc644\ub9cc\ud55c \ucd94\uac00 \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud558\ub294 \uc804\ub7b5\uc744 \uac80\ud1a0\ud560 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201c\ub2ec\ub7ec \ub354 \uac04\ub2e4?\u201d \uc911\ub3d9 \ubd88\ud655\uc2e4\uc131\uc5d0 \uc548\uc804\uc790\uc0b0 \uc218\uc694\uac00 \ucee4\uc9c0\uba70 USD\/CHF\uac00 0.79\uc120 \uc7ac\ub3c4\uc804. SNB \uc870\uae30 \uc778\ud558\u00b7Fed \ub3d9\uacb0\ub85c \uae08\ub9ac \uaca9\ucc28 \ud655\ub300, \uc635\uc158 \uc804\ub7b5\ub3c4 \ubd80\uc0c1.<\/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-45428","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\/45428","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=45428"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45428\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}