{"id":46474,"date":"2026-05-01T12:58:13","date_gmt":"2026-05-01T12:58:13","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46474\/"},"modified":"2026-05-01T12:58:13","modified_gmt":"2026-05-01T12:58:13","slug":"%e5%be%b7%e5%9c%8b%e8%81%af%e9%82%a6%e9%8a%80%e8%a1%8c%e8%a1%8c%e9%95%b7%e7%b4%84%e9%98%bf%e5%b8%8c%e5%a7%86%e3%83%bb%e7%b4%8d%e6%a0%bc%e7%88%be%e7%a8%b1%ef%bc%8c%e6%ad%90%e6%b4%b2%e5%a4%ae%e8%a1%8c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/46474\/","title":{"rendered":"\u5fb7\u570b\u806f\u90a6\u9280\u884c\u884c\u9577\u7d04\u963f\u5e0c\u59c6\u30fb\u7d0d\u683c\u723e\u7a31\uff0c\u6b50\u6d32\u592e\u884c\u57fa\u6e96\u5c55\u671b\u5728\u6b50\u6d32\u4ea4\u6613\u6642\u6bb5\u5df2\u6697\u793a\u8ca8\u5e63\u653f\u7b56\u5c07\u9032\u4e00\u6b65\u6536\u7dca"},"content":{"rendered":"

\u6b50\u6d32\u592e\u884c\uff08ECB\uff09\u7ba1\u6cbb\u59d4\u54e1\u6703\u6210\u54e1\u3001\u5fb7\u570b\u806f\u90a6\u9280\u884c\uff08Deutsche Bundesbank\uff09\u884c\u9577\u7d04\u963f\u5e0c\u59c6\u30fb\u7d0d\u683c\u723e\uff08Joachim Nagel\uff09\u8868\u793a\uff0c\u57fa\u6e96\u60c5\u666f\uff08\u5373\u4e3b\u8981\u9810\u6e2c\uff09\u5df2\u5305\u542b\u66f4\u6536\u7dca\u7684\u8ca8\u5e63\u653f\u7b56\uff08\u5373\u900f\u904e\u52a0\u606f\u7b49\u65b9\u5f0f\u6e1b\u5c11\u7d93\u6fdf\u523a\u6fc0\uff09\u3002\u4ed6\u7a31\uff0c\u82e5\u524d\u666f\u672a\u898b\u660e\u986f\u6539\u5584\uff0c\u57286\u6708\u4f5c\u51fa\u56de\u61c9\u66f4\u70ba\u5408\u9069\u3002<\/p>\n

\u6b50\u5143\u5728\u76f8\u95dc\u8a00\u8ad6\u5f8c\u672a\u898b\u5373\u6642\u6ce2\u52d5\u3002\u7531\u65bc\u7f8e\u5143\u8f49\u5f31\uff0cEUR\/USD \u65bc1.1740\u9644\u8fd1\u8f15\u5fae\u4e0a\u5347\u3002<\/p>\n

\u6b50\u6d32\u592e\u884c\u89d2\u8272<\/h3>\n

\u6b50\u6d32\u592e\u884c\u662f\u6b50\u5143\u5340\u7684\u4e2d\u592e\u9280\u884c\uff0c\u7e3d\u90e8\u4f4d\u65bc\u6cd5\u862d\u514b\u798f\uff0c\u76ee\u6a19\u662f\u628a\u901a\u8139\u7dad\u6301\u5728\u7d042%\u3002\u5176\u4e3b\u8981\u624b\u6bb5\u662f\u8abf\u6574\u5229\u7387\uff08\u501f\u8cb8\u6210\u672c\uff09\uff1b\u7ba1\u6cbb\u59d4\u54e1\u6703\u6bcf\u5e74\u53ec\u958b\u516b\u6b21\u6703\u8b70\u4f5c\u51fa\u653f\u7b56\u6c7a\u5b9a\u3002<\/p>\n

\u91cf\u5316\u5bec\u9b06\uff08Quantitative Easing\uff0cQE\uff09\u662f\u6307\u592e\u884c\u300c\u5275\u9020\u300d\u66f4\u591a\u8ca8\u5e63\uff08\u5be6\u969b\u4e0a\u662f\u589e\u52a0\u9280\u884c\u9ad4\u7cfb\u7684\u8cc7\u91d1\uff09\uff0c\u7528\u4f86\u8cfc\u5165\u653f\u5e9c\u50b5\u6216\u4f01\u696d\u50b5\u7b49\u8cc7\u7522\uff0c\u901a\u5e38\u6703\u4ee4\u6b50\u5143\u504f\u5f31\u3002\u6b50\u6d32\u592e\u884c\u66fe\u57282009\u81f32011\u5e74\u91d1\u878d\u5371\u6a5f\u30012015\u5e74\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u671f\u9593\u4f7f\u7528QE\u3002<\/p>\n

\u91cf\u5316\u7dca\u7e2e\uff08Quantitative Tightening\uff0cQT\uff09\u662fQE\u7684\u76f8\u53cd\u505a\u6cd5\uff0c\u5e38\u5728\u7d93\u6fdf\u5fa9\u7526\u3001\u901a\u8139\u56de\u5347\u6642\u63a1\u7528\u3002\u505a\u6cd5\u5305\u62ec\u505c\u6b62\u300c\u6de8\u8cb7\u5165\u300d\u50b5\u5238\uff08\u5373\u8cb7\u5165\u91cf\u4e0d\u518d\u9ad8\u65bc\u5230\u671f\u91cf\uff09\uff0c\u4ee5\u53ca\u50b5\u5238\u5230\u671f\u5f8c\u4e0d\u518d\u628a\u56de\u6536\u7684\u672c\u91d1\u518d\u6295\u8cc7\uff0c\u5f9e\u800c\u6536\u7dca\u5e02\u5834\u8cc7\u91d1\uff0c\u901a\u5e38\u6709\u5229\u652f\u6490\u6b50\u5143\u3002<\/p>\n

\u57fa\u65bc\u300c\u66f4\u6536\u7dca\u8ca8\u5e63\u653f\u7b56\u300d\u7684\u8a0a\u865f\uff0c\u5e02\u5834\u61c9\u9810\u671f\u6b50\u6d32\u592e\u884c\u57286\u6708\u6703\u8b70\u63a1\u53d6\u884c\u52d5\u3002\u6b64\u770b\u6cd5\u4ea6\u53d7\u6b50\u76df\u7d71\u8a08\u5c40\uff08Eurostat\uff09\u6700\u65b0\u6578\u64da\u652f\u6301\uff1a\u6b50\u5143\u53404\u6708\u6838\u5fc3\u901a\u8139\uff08\u5254\u9664\u80fd\u6e90\u53ca\u98df\u54c1\u7b49\u6ce2\u52d5\u8f03\u5927\u7684\u9805\u76ee\uff09\u6301\u7e8c\u505c\u7559\u57282.9%\uff0c\u660e\u986f\u9ad8\u65bc\u6b50\u6d32\u592e\u884c2%\u76ee\u6a19\u3002\u76f8\u95dc\u8868\u8ff0\u4ea6\u610f\u5473\uff0c\u9664\u975e\u7d93\u6fdf\u660e\u986f\u597d\u8f49\uff0c\u5426\u5247\u653f\u7b56\u53d6\u5411\u4ecd\u504f\u300c\u9df9\u6d3e\u300d\uff08\u5373\u50be\u5411\u52a0\u606f\u6216\u6536\u7dca\u653f\u7b56\uff09\u3002<\/p>\n

\u5e02\u5834\u9810\u671f\u52a0\u606f\uff0c\u5f80\u5f80\u6703\u63a8\u9ad8\u6b50\u5143\u672a\u4f86\u6578\u5468\u7684\u96b1\u542b\u6ce2\u5e45\uff08implied volatility\uff1b\u671f\u6b0a\u50f9\u683c\u53cd\u6620\u7684\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u52d5\u7684\u9810\u671f\uff09\u3002\u9019\u5df2\u5728\u884d\u751f\u54c1\u5e02\u5834\uff08derivatives market\uff1b\u4ee5\u5176\u4ed6\u8cc7\u7522\u50f9\u683c\u70ba\u57fa\u790e\u7684\u91d1\u878d\u5de5\u5177\u5e02\u5834\uff0c\u5982\u671f\u6b0a\u3001\u671f\u8ca8\uff09\u53cd\u6620\uff1a6\u6708\u6703\u8b70\u5f8c\u5230\u671f\u7684EUR\/USD\u671f\u6b0a\u6210\u672c\uff0c\u5728\u904e\u53bb\u4e00\u5468\u4e0a\u5347\u903e8%\u3002\u4ea4\u6613\u54e1\u9700\u6e96\u5099\u66f4\u5927\u7684\u50f9\u683c\u6ce2\u52d5\uff0c\u4e26\u8003\u616e\u63a1\u7528\u53ef\u53d7\u60e0\u65bc\u6ce2\u5e45\u4e0a\u5347\u7684\u7b56\u7565\u3002<\/p>\n

Eur\/usd\u7684\u5e02\u5834\u5f71\u97ff<\/h3>\n

\u56de\u9867\u800c\u8a00\uff0c\u6b50\u6d32\u592e\u884c\u57282025\u5e74\u5927\u90e8\u5206\u6642\u9593\u4fdd\u6301\u5be9\u614e\uff0c\u5bc4\u671b\u901a\u8139\u58d3\u529b\u53ef\u5728\u4e0d\u518d\u52a0\u78bc\u653f\u7b56\u7684\u60c5\u6cc1\u4e0b\u56de\u843d\u3002\u73fe\u6642\u9019\u7a2e\u89c0\u671b\u53d6\u614b\u4f3c\u4e4e\u544a\u4e00\u6bb5\u843d\uff0c\u70ba\u7dad\u6301\u653f\u7b56\u516c\u4fe1\u529b\uff0c\u63a1\u53d6\u66f4\u660e\u78ba\u884c\u52d5\u7684\u58d3\u529b\u4e0a\u5347\u3002\u9019\u4ea6\u6697\u793a6\u6708\u7684\u63aa\u65bd\u6216\u8f03\u53bb\u5e74\u5e02\u5834\u60f3\u50cf\u66f4\u679c\u65b7\u3002<\/p>\n

\u7f8e\u5143\u8d70\u5f31\u4ea6\u653e\u5927\u6b50\u5143\u8f49\u5f37\u7684\u53ef\u80fd\u3002\u7f8e\u570b2026\u5e744\u6708\u975e\u8fb2\u5c31\u696d\uff08Non-Farm Payrolls\uff1b\u7f8e\u570b\u6bcf\u6708\u65b0\u589e\u5c31\u696d\u4eba\u6578\u7684\u4e3b\u8981\u6307\u6a19\uff09\u5831\u544a\u50c5\u9304\u5f9715.5\u842c\uff0c\u4f4e\u65bc\u9810\u671f\uff0c\u5e02\u5834\u56e0\u800c\u63e3\u6e2c\u806f\u5132\u5c40\uff08Federal Reserve\uff09\u6216\u63a5\u8fd1\u66ab\u505c\u52a0\u606f\u5468\u671f\u3002\u7576\u6b50\u6d32\u592e\u884c\u8f49\u5411\u66f4\u300c\u9df9\u6d3e\u300d\u3001\u800c\u806f\u5132\u5c40\u504f\u300c\u9d3f\u6d3e\u300d\uff08\u5373\u50be\u5411\u653e\u6162\u52a0\u606f\u6216\u66f4\u5bec\u9b06\uff09\u6642\uff0c\u653f\u7b56\u5206\u6b67\u901a\u5e38\u652f\u6301EUR\/USD\u4e0a\u884c\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5fb7\u570b\u592e\u884c\u884c\u9577\u7d0d\u683c\u723e\u653e\u9df9\uff1a\u6b50\u6d32\u592e\u884c\u57fa\u6e96\u5c55\u671b\u65bc\u6b50\u80a1\u6642\u6bb5\u91cb\u51fa\u8a0a\u865f\uff0c\u8ca8\u5e63\u653f\u7b56\u6216\u518d\u6536\u7dca\uff1b\u5e02\u5834\u9700\u91cd\u4f30\u52a0\u606f\u9810\u671f\uff0c\u6b50\u5143\u3001\u50b5\u606f\u6ce2\u52d5\u6050\u64f4\u5927\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46474","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\/zh-ca\/wp-json\/wp\/v2\/posts\/46474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=46474"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/46474\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=46474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=46474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=46474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}