Cuma g\u00fcn\u00fc, \u00c7in Halk Bankas\u0131 (PBOC), bir sonraki i\u015flem seans\u0131 i\u00e7in USD\/CNY merkez\u00ee kuru 6,8415 olarak belirledi.<\/p>\n
Bu seviye, \u00f6nceki g\u00fcn\u00fcn 6,8401\u2019lik resm\u00ee kuruyla ve Reuters\u2019\u0131n 6,7976\u2019l\u0131k tahminiyle kar\u015f\u0131la\u015ft\u0131r\u0131l\u0131yor.<\/p>\n
T\u00fcrev (fiyat\u0131 ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131) i\u015flemler yapanlar i\u00e7in bu tablo, \u00f6n\u00fcm\u00fczdeki haftalarda yuan\u0131n daha da de\u011fer kaybetmesine (zay\u0131flamas\u0131na) oynayan pozisyonlar\u0131 \u00f6ne \u00e7\u0131kar\u0131yor. En basit stratejilerden biri, offshore yuan (\u00c7in d\u0131\u015f\u0131nda i\u015flem g\u00f6ren yuan) kar\u015f\u0131s\u0131nda ABD dolar\u0131 al\u0131m opsiyonu (call; belirli bir fiyattan alma hakk\u0131) almakt\u0131r; bu ara\u00e7, yuan belirli bir seviyenin \u00f6tesinde zay\u0131flarsa kazan\u00e7 sa\u011flar. Mevcut ortamda, 1-2 ay vadeli (vade: s\u00f6zle\u015fmenin biti\u015f tarihi) opsiyonlara bakmak, politika kaynakl\u0131 olas\u0131 hareketleri yakalamak a\u00e7\u0131s\u0131ndan daha temkinli bir yakla\u015f\u0131m olabilir.<\/p>\n
Resm\u00ee y\u00f6nlendirme ile piyasa beklentisi aras\u0131ndaki fark, kur oynakl\u0131\u011f\u0131n\u0131 (volatilite: fiyatlar\u0131n k\u0131sa s\u00fcrede sert ini\u015f-\u00e7\u0131k\u0131\u015f yapmas\u0131) da art\u0131r\u0131r. USD\/CNH opsiyonlar\u0131 i\u00e7in z\u0131mni volatilite (opsiyon fiyatlar\u0131n\u0131n ima etti\u011fi beklenen oynakl\u0131k) son bir ayda yakla\u015f\u0131k %3,8\u2019den %4,6\u2019ya y\u00fckseldi. Sert fiyat hareketi bekleyen ancak y\u00f6n konusunda emin olmayan yat\u0131r\u0131mc\u0131lar, straddle (ayn\u0131 vadede hem al\u0131m hem sat\u0131m opsiyonu alarak oynakl\u0131\u011fa oynama) gibi ara\u00e7larla \u201coynakl\u0131k sat\u0131n almay\u0131\u201d d\u00fc\u015f\u00fcnebilir.<\/p>\n
Yuan\u0131n zay\u0131flamas\u0131 olas\u0131l\u0131\u011f\u0131n\u0131n emtia piyasalar\u0131 a\u00e7\u0131s\u0131ndan da etkileri var. Daha zay\u0131f yuan, demir cevheri ve bak\u0131r gibi dolar bazl\u0131 ithalat\u0131 \u00c7inli al\u0131c\u0131lar i\u00e7in daha pahal\u0131 hale getirir; bu da talebi bask\u0131layabilir. T\u00fcrev i\u015flem yapanlar, bu nedenle emtia ba\u011flant\u0131l\u0131 varl\u0131klarda veya madencilik \u015firketi hisselerinde koruyucu sat\u0131m opsiyonlar\u0131n\u0131 (put; belirli fiyattan satma hakk\u0131, d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 sigorta) de\u011ferlendirebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
PBOC USD\/CNY\u2019yi 6,8415\u2019e \u00e7ekerek piyasa tahmininden sapma sinyali verdi. Yuan zay\u0131fl\u0131\u011f\u0131na opsiyon talebi art\u0131yor; z\u0131mni volatilite y\u00fckseldi. Emtialarda bask\u0131 riski: koruyucu putlar \u00f6ne \u00e7\u0131k\u0131yor.<\/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-46735","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\/tr-mena\/wp-json\/wp\/v2\/posts\/46735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=46735"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46735\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}