{"id":46124,"date":"2026-05-04T19:30:23","date_gmt":"2026-05-04T19:30:23","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-%ed%94%bc%ec%8a%a4%ed%84%b0-%ec%9c%a0%eb%a1%9c-%ea%b0%95%ec%84%b8%c2%b7snb-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%ea%b8%b0\/"},"modified":"2026-05-04T19:30:23","modified_gmt":"2026-05-04T19:30:23","slug":"%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%ec%9d%98-%ed%94%bc%ec%8a%a4%ed%84%b0-%ec%9c%a0%eb%a1%9c-%ea%b0%95%ec%84%b8%c2%b7snb-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%ea%b8%b0","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-%ed%94%bc%ec%8a%a4%ed%84%b0-%ec%9c%a0%eb%a1%9c-%ea%b0%95%ec%84%b8%c2%b7snb-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%ea%b8%b0\/","title":{"rendered":"\ucf54\uba54\ub974\uce20\ubc29\ud06c\uc758 \ud53c\uc2a4\ud130 \u201c\uc720\ub85c \uac15\uc138\u00b7SNB \uae08\ub9ac\uc778\uc0c1 \uae30\ub300 \uc57d\ud654(\ubc1c\uc5b8 \uc601\ud5a5)\ub85c EUR\/CHF \uc870\ub9cc\uac04 \uc0c1\uc2b9\u201d"},"content":{"rendered":"<p>\ucf54\uba54\ub974\uce20\ubc29\ud06c\uc758 \ub9c8\uc774\ud074 \ud53c\uc2a4\ud130\ub294 \uc720\ub85c\ud654\uac00 \ud68c\ubcf5\ub418\uace0 \uc2dc\uc7a5\uc774 \uc2a4\uc704\uc2a4\uad6d\ub9bd\uc740\ud589(SNB)\uc758 \uae30\uc900\uae08\ub9ac \uc778\uc0c1 \uc608\uc0c1 \uc2dc\uc810\uc744 \ub4a4\ub85c \ubbf8\ub8e8\uba74, \ud5a5\ud6c4 \uba87 \ub2ec \ub3d9\uc548 EUR\/CHF(\uc720\ub85c\/\uc2a4\uc704\uc2a4\ud504\ub791 \ud658\uc728)\uac00 \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \ub0b4\ub2e4\ubd24\ub2e4. \uadf8\ub294 SNB\uac00 \ucd5c\uadfc \ud504\ub791 \uac15\uc138\ub97c \ub2a6\ucd94\uae30 \uc704\ud574 \ubc18\ubcf5\uc801\uc73c\ub85c \u201c\ub9d0(\uad6c\ub450 \uac1c\uc785)\u201d\uc744 \ud65c\uc6a9\ud574\uc654\ub2e4\uace0 \ub9d0\ud588\ub2e4.<\/p>\n<p>\uc774\ub780 \uc804\uc7c1 \ubc1c\ubc1c \uc774\ud6c4 SNB\uc758 \ud1b5\ud654\uae34\ucd95(\uae30\uc900\uae08\ub9ac \uc778\uc0c1 \ub4f1\uc73c\ub85c \ub3c8\uc758 \ud750\ub984\uc744 \uc870\uc774\ub294 \uc815\ucc45)\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \ubc18\uc601(\uae08\ub9ac\uc120\ubb3c\u00b7\uc2a4\uc651 \ub4f1\uc5d0 \ubc18\uc601\ub41c \uc608\uc0c1)\uc740 \ubcc0\ud588\uc73c\uba70, \uc5f0\ub9d0\uae4c\uc9c0 \uc57d 1\ud68c \uc778\uc0c1\uc774 \ubc18\uc601\ub41c \uc0c1\ud0dc\ub2e4. \ud53c\uc2a4\ud130\ub294 \uc62c\ud574 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc774 \ub0ae\ub2e4\uace0 \ubd24\ub2e4.<\/p>\n<h3>Near Term Eur Chf Upside<\/h3>\n<p>\uadf8\ub294 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc774 6\uc6d4 \uae08\ub9ac\ub97c \uc62c\ub9ac\ub294 \ubc18\uba74 SNB\ub294 \uae08\ub9ac\ub97c \ub3d9\uacb0\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \uc774\ub807\uac8c \ub418\uba74 \uc720\ub85c\ud654\uc640 \uc2a4\uc704\uc2a4\ud504\ub791\uc758 \uae08\ub9ac \uaca9\ucc28(\uc774\uc790\uc728 \ucc28\uc774)\uac00 \ud655\ub300\ub3fc, \uc774 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \ud504\ub791\uc758 \ub9e4\ub825(\uae08\ub9ac \uce21\uba74\uc758 \ud22c\uc790 \uc720\uc778)\uc774 \uc904\uc5b4\ub4e4 \uc218 \uc788\ub2e4.<\/p>\n<p>\uadf8\ub294 SNB\uac00 \u201c\uad6c\ub450 \ubc1c\uc5b8(\ub9d0\ub85c \ud658\uc728\uc744 \uc720\ub3c4) + \uc2e4\uc81c \uc2dc\uc7a5\uac1c\uc785\uc740 \uc18c\uaddc\ubaa8 + \uae30\uc900\uae08\ub9ac\ub294 \uc720\uc9c0\u201d\ub77c\ub294 \ubc29\uc2dd\uc744 \uc4f0\uace0 \uc788\ub2e4\uace0 \uc124\uba85\ud588\ub2e4. \uc774 \uacbd\uc6b0 \uc720\ub85c\ud654\uc758 \ucd5c\uadfc \uc57d\uc138\uac00 \uc2dc\uc138\uc5d0 \ucda9\ubd84\ud788 \ubc18\uc601\ub418\uba74 EUR\/CHF\uac00 \ucd94\uac00\ub85c 2\uc13c\ud2f0\uc784(0.02\ud504\ub791) \ub354 \uc624\ub97c \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4.<\/p>\n<p>\ub2e4\ub9cc \uc774\ud6c4\uc5d0\ub294 \uc2a4\uc704\uc2a4\uc758 \ub0ae\uc740 \ubb3c\uac00\uc0c1\uc2b9\ub960\uacfc \ub354 \uac74\uc804\ud55c \uc7ac\uc815(\uc815\ubd80\uc758 \uc7ac\ubb34 \uc5ec\ub825)\uc774 \ub2e4\uc2dc \uc8fc\ubaa9\ubc1b\uc73c\uba74\uc11c \ud504\ub791\uc774 \uc7ac\ucc28 \uac15\uc138\ub97c \ubcf4\uc77c \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c EUR\/CHF\ub294 2027\ub144\uae4c\uc9c0 \ub2e4\uc2dc \uc644\ub9cc\ud558\uac8c \ud558\ub77d(\uc57d\uc138)\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.<\/p>\n<p>SNB\uc758 \uc804\ub7b5\uc740 \uae08\ub9ac\ub97c \ubc14\uafb8\uc9c0 \uc54a\uc740 \ucc44 \ud504\ub791 \uac15\uc138\ub97c \ub9d0\ub85c \ub204\ub974\ub294(\uad6c\ub450 \uac1c\uc785) \ud63c\ud569\ud615\uc73c\ub85c \ubcf4\uc774\uba70, \uc774\ub294 2025\ub144 \ucd08\uc5d0\ub3c4 \uad00\ucc30\ub410\ub358 \ud328\ud134\uc774\ub2e4. \uc2a4\uc704\uc2a4\uc758 4\uc6d4 \ucd5c\uc2e0 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 1.4%\ub85c \ub0ae\uc544 \uae08\ub9ac \uc778\uc0c1 \uc555\ub825\uc774 \ud06c\uc9c0 \uc54a\ub2e4. \uc774\ub294 \uc720\ub85c\uc874\uc758 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 2.5% \uc548\ud30e\uc73c\ub85c \ub354 \uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \uac83\uacfc \ub300\ube44\ub41c\ub2e4. \uadf8 \uacb0\uacfc ECB\ub294 \uc27d\uac8c \uae08\ub9ac\ub97c \ub0b4\ub9ac\uae30 \uc5b4\ub835\uace0, \uae08\ub9ac \uaca9\ucc28\ub294 \uc720\ub85c\ud654\uc5d0 \uc720\ub9ac\ud55c \ubc29\ud5a5\uc73c\ub85c \ubc8c\uc5b4\uc9c4\ub2e4.<\/p>\n<h3>Trade Expression And Timing<\/h3>\n<p>\uc774 \uac19\uc740 \ucc28\ubcc4\ud654\ub294 \ud5a5\ud6c4 \uba87 \ub2ec \ub3d9\uc548 EUR\/CHF\uac00 \uc624\ub97c \uc218 \uc788\ub294 \uad6c\uac04\uc774 \uc5f4\ub9b4 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 EUR\/CHF \ucf5c\uc635\uc158(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc774 \uc624\ub97c \ub54c \uc774\uc775\uc774 \ub098\ub294 \uc120\ud0dd\uad8c)\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc608\ucee8\ub300 \ud589\uc0ac\uac00(\uad8c\ub9ac\ub97c \ud589\uc0ac\ud558\ub294 \ud658\uc728 \uc218\uc900)\ub97c 1.0000 \ud328\ub9ac\ud2f0(1\uc720\ub85c=1\uc2a4\uc704\uc2a4\ud504\ub791) \ubd80\uadfc\uc73c\ub85c \ub450\uace0, \ub9cc\uae30(\uacc4\uc57d\uc774 \ub05d\ub098\ub294 \uc2dc\uc810)\ub294 2026\ub144 8~9\uc6d4 \ub4f1 \ub2a6\uc5ec\ub984\uc73c\ub85c \uc124\uc815\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4. \uc774\ub294 \uc608\uc0c1\ub418\ub294 \uc0c1\uc2b9 \uc6c0\uc9c1\uc784\uc5d0 \ubca0\ud305\ud558\uba74\uc11c\ub3c4 \ucd5c\ub300 \uc190\uc2e4(\uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4, \uc989 \uc635\uc158 \uac00\uaca9) \ud55c\ub3c4\ub97c \uba85\ud655\ud788 \ud55c\ub2e4.<\/p>\n<p>2025\ub144 \uc774\ub780 \ucda9\ub3cc\uc774 \uaca9\ud654\ub420 \ub54c \uc2dc\uc7a5\uc5d0\uc11c SNB \uae08\ub9ac \uc778\uc0c1 \uae30\ub300\uac00 \uae09\ub4f1\ud588\uc9c0\ub9cc, \uc2e4\uc81c \uc778\uc0c1\uc740 \uc5c6\uc5c8\ub2e4. \ud604\uc7ac\ub3c4 \uc2dc\uc7a5\uc740 \uc5f0\ub9d0\uae4c\uc9c0 \uc18c\ud3ed\uc758 \uc778\uc0c1 \ud655\ub960\uc744 \ubc18\uc601\ud558\uace0 \uc788\uc73c\ub098, \uc774\ub294 \uac00\ub2a5\uc131\uc774 \ub0ae\ub2e4\ub294 \ud310\ub2e8\uc774\ub2e4. SNB\ub294 \uc815\ucc45\uc744 \ubc14\uafb8\uae30\ubcf4\ub2e4 \ubc1c\uc5b8\uc73c\ub85c \ud658\uc728\uc744 \uad00\ub9ac\ud558\ub294 \uac19\uc740 \ubc29\uc2dd\uc744 \ub418\ud480\uc774\ud558\ub294 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/p>\n<p>\ub2e4\ub9cc \uc774\ub294 \uc77c\uc2dc\uc801 \uae30\ud68c\uc77c \uc218 \uc788\ub2e4. \ud504\ub791\uc758 \uae30\ucd08 \uccb4\ub825(\uad6c\uc870\uc801\uc778 \uac15\uc138 \uc694\uc778)\uc740 \uc5f0\uc911 \ud6c4\ubc18 \ub2e4\uc2dc \ubd80\uac01\ub420 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \uc2a4\uc704\uc2a4\ub294 \uc815\ubd80\ubd80\ucc44\/GDP \ube44\uc728(\uad6d\ub0b4\ucd1d\uc0dd\uc0b0 \ub300\ube44 \uad6d\uac00\ubd80\ucc44 \ube44\uc728)\uc774 \uc5ed\uc0ac\uc801\uc73c\ub85c 40%\ub97c \ud06c\uac8c \ubc11\ub3cc \uc815\ub3c4\ub85c \uc7ac\uc815\uc774 \ud0c4\ud0c4\ud558\uace0, \ub0ae\uc740 \ubb3c\uac00\ub97c \uc720\uc9c0\ud574\uc628 \uacbd\ud5d8\ub3c4 \uae38\ub2e4. \uc774\ub7f0 \uc694\uc778\ub4e4\uc740 \uacb0\uad6d \uc790\uae08\uc774 \ud504\ub791\uc73c\ub85c \ub2e4\uc2dc \uc720\uc785\ub418\uac8c \ub9cc\ub4e0\ub2e4. \ub530\ub77c\uc11c \ub9e4\uc218 \ud3ec\uc9c0\uc158(\uc0c1\uc2b9\uc5d0 \ubca0\ud305)\uc740 2026\ub144 4\ubd84\uae30 \uc774\uc804\uc5d0 \uc815\ub9ac(\uccad\uc0b0)\ud558\ub294 \uad00\uc810\uc5d0\uc11c \uad00\ub9ac\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uadf8 \ubb34\ub835 \uc7a5\uae30 \ud750\ub984\uc774 \uc7ac\uac1c\ub420 \uc218 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\uc720\ub85c\/\ud504\ub791 \ubc18\ub4f1 \uc5f4\ub9ac\ub098\u201d ECB 6\uc6d4 \uc778\uc0c1\u00b7SNB \ub3d9\uacb0, \uad6c\ub450\uac1c\uc785 \uc9c0\uc18d \ub550 EUR\/CHF \uc218\uac1c\uc6d4 0.02\u2191 \uc5ec\uc9c0. \ub2e4\ub9cc \uc800\ubb3c\uac00\u00b7\uc7ac\uc815\uac74\uc804\uc131\uc73c\ub85c 2027\ub144\uae4c\uc9c0 \uc7ac\ud558\ub77d \uc804\ub9dd.<\/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-46124","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\/46124","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=46124"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46124\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}