{"id":50498,"date":"2026-05-18T07:18:22","date_gmt":"2026-05-18T07:18:22","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47594\/"},"modified":"2026-05-18T07:18:22","modified_gmt":"2026-05-18T07:18:22","slug":"%e6%ad%90%e5%85%83%e5%85%8c%e7%be%8e%e5%85%83%e8%b7%8c%e5%8b%a2%e5%bb%b6%e7%ba%8c%e3%80%80%e8%81%af%e5%84%b2%e5%b1%80%e5%8a%a0%e6%81%af%e6%8a%bc%e6%b3%a8%e5%8f%8a%e5%9c%b0%e7%b7%a3%e6%94%bf%e6%b2%bb","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/50498\/","title":{"rendered":"\u6b50\u5143\u514c\u7f8e\u5143\u8dcc\u52e2\u5ef6\u7e8c\u3000\u806f\u5132\u5c40\u52a0\u606f\u62bc\u6ce8\u53ca\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u63a8\u5347\u7f8e\u5143"},"content":{"rendered":"<p>\u6b50\u5143\u514c\u7f8e\u5143\uff08EUR\/USD\uff09\u9023\u8dcc\u7b2c\u516d\u500b\u4ea4\u6613\u65e5\uff0c\u5468\u4e00\u4e9e\u6d32\u6642\u6bb5\u57281.1620\u9644\u8fd1\u4ea4\u6295\uff0c\u56e0\u5e02\u5834\u9810\u671f\u7f8e\u570b\u5c07\u6536\u7dca\u8ca8\u5e63\u653f\u7b56\uff08\u5373\u52a0\u606f\u6216\u7dad\u6301\u8f03\u9ad8\u5229\u7387\u66f4\u4e45\uff09\uff0c\u63a8\u52d5\u7f8e\u5143\u8d70\u5f37\u3002\u591a\u540d\u806f\u5132\u5c40\uff08Federal Reserve\uff0c\u7f8e\u570b\u4e2d\u592e\u9280\u884c\uff09\u5b98\u54e1\u8868\u793a\uff0c\u63a7\u5236\u901a\u8139\u4ecd\u662f\u9996\u8981\u4efb\u52d9\u3002\u5e02\u5834\u6839\u64daCME FedWatch\u5de5\u5177\uff08\u4ee5\u5229\u7387\u671f\u8ca8\u50f9\u683c\u63a8\u7b97\u52a0\u606f\u6a5f\u6703\u7684\u6307\u6a19\uff09\u628a12\u6708\u52a0\u606f\u7684\u96b1\u542b\u6a5f\u7387\u7531\u4e00\u5468\u524d\u768414%\u4e0a\u8abf\u81f3\u63a5\u8fd148%\u3002<\/p>\n<p>\u7f8e\u5143\u4ea6\u53d7\u907f\u96aa\u9700\u6c42\u652f\u6301\u3002\u907f\u96aa\u8cc7\u7522\uff08\u5e02\u5834\u4e0d\u78ba\u5b9a\u6642\u8cc7\u91d1\u50be\u5411\u6d41\u5165\u7684\u8cc7\u7522\uff0c\u4f8b\u5982\u7f8e\u5143\u8207\u7f8e\u50b5\uff09\u9700\u6c42\u4e0a\u5347\uff0c\u6e90\u65bc\u5730\u7de3\u653f\u6cbb\u7dca\u5f35\u3002\u7f8e\u570b\u8207\u4f0a\u6717\u4ecd\u9060\u672a\u5c31\u7d50\u675f\u6578\u5468\u885d\u7a81\u53ca\u91cd\u958b\u970d\u723e\u6728\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff0c\u5168\u7403\u91cd\u8981\u77f3\u6cb9\u822a\u9053\uff09\u9054\u6210\u5354\u8b70\uff1b\u540c\u6642\uff0c\u6d89\u53ca\u53f0\u7063\u7684\u8b66\u544a\u4ee4\u5e02\u5834\u98a8\u96aa\u80c3\u7d0d\u4e0b\u964d\uff08risk aversion\uff0c\u5373\u6295\u8cc7\u8005\u66f4\u4e0d\u9858\u627f\u64d4\u98a8\u96aa\uff09\u3002<\/p>\n<h3>\u5e02\u5834\u63a8\u52d5\u56e0\u7d20\u8207\u592e\u884c\u8a0a\u865f<\/h3>\n<p>\u4e0d\u904e\uff0cEUR\/USD\u8dcc\u52e2\u6216\u53d7\u6b50\u6d32\u592e\u884c\uff08ECB\uff0c\u6b50\u5143\u5340\u4e2d\u592e\u9280\u884c\uff09\u8f49\u8da8\u5f37\u786c\u7acb\u5834\u7684\u9810\u671f\u6240\u9650\u5236\u3002\u8def\u900f\u8abf\u67e5\u986f\u793a\uff0c85%\u7d93\u6fdf\u5b78\u5bb6\u9810\u671fECB\u65bc6\u6708\u628a\u5b58\u6b3e\u5229\u7387\uff08deposit rate\uff0c\u9280\u884c\u628a\u8cc7\u91d1\u5b58\u653e\u5728\u592e\u884c\u7684\u5229\u7387\uff0c\u662fECB\u4e3b\u8981\u653f\u7b56\u5229\u7387\u4e4b\u4e00\uff09\u4e0a\u8abf25\u500b\u57fa\u9ede\u81f32.25%\u300225\u500b\u57fa\u9ede\uff08basis points\uff0cbp\uff09=0.25\u500b\u767e\u5206\u9ede\uff1b\u57284\u6708\u8b70\u606f\u6703\u8b70\u524d\uff0c\u6301\u76f8\u540c\u770b\u6cd5\u7684\u50c5\u7565\u591a\u65bc\u4e00\u534a\u3002<\/p>\n<p>\u6b50\u5143\u753120\u500b\u6b50\u76df\u570b\u5bb6\u4f7f\u7528\uff1b2022\u5e74\u4f54\u5168\u7403\u5916\u532f\u4ea4\u6613\uff08foreign exchange\uff0cFX\uff09\u7d0431%\uff0c\u6bcf\u65e5\u5e73\u5747\u6210\u4ea4\u903e2.2\u842c\u5104\u7f8e\u5143\u3002EUR\/USD\u7d04\u4f54\u6240\u6709\u5916\u532f\u4ea4\u661330%\uff0c\u5176\u5f8c\u70baEUR\/JPY\uff084%\uff09\u3001EUR\/GBP\uff083%\uff09\u53caEUR\/AUD\uff082%\uff09\u3002<\/p>\n<h3>\u653f\u7b56\u5206\u6b67\u8207\u4ea4\u6613\u5f71\u97ff<\/h3>\n<p>\u5927\u897f\u6d0b\u5169\u5cb8\u65b9\u9762\uff0c\u6b50\u5143\u5340\u901a\u8139\u4f3c\u4e4e\u66f4\u300c\u9ecf\u6027\u300d\uff08stickier\uff0c\u5373\u8f03\u96e3\u56de\u843d\uff09\uff0c\u6700\u65b0\u6b50\u5143\u5340HICP\uff08Harmonised Index of Consumer Prices\uff0c\u5354\u8abf\u6d88\u8cbb\u7269\u50f9\u6307\u6578\uff0c\u6b50\u76df\u7528\u4f5c\u6bd4\u8f03\u5404\u570b\u901a\u8139\u7684\u6307\u6a19\uff09\u6309\u5e74\u53473.2%\u3002\u901a\u8139\u58d3\u529b\u6301\u7e8c\uff0c\u4ee4ECB\u7dad\u6301\u504f\u5f37\u786c\uff08hawkish\uff0c\u5373\u50be\u5411\u52a0\u606f\u6216\u6536\u7dca\u653f\u7b56\u4ee5\u58d3\u6291\u901a\u8139\uff09\u7684\u53d6\u5411\uff0c\u652f\u6301\u300c\u52a0\u606f\u4ee5\u652f\u6490\u6b50\u5143\u300d\u7684\u770b\u6cd5\u3002\u9019\u7a2e\u653f\u7b56\u5206\u6b67\uff08policy divergence\uff0c\u5373\u5169\u5730\u592e\u884c\u653f\u7b56\u65b9\u5411\u4e0d\u540c\uff09\u6210\u70ba\u5e02\u5834\u7126\u9ede\uff1a\u806f\u5132\u5c40\u6216\u63a5\u8fd1\u505c\u6b62\u52a0\u606f\uff0c\u800cECB\u672a\u5fc5\u5982\u6b64\u3002<\/p>\n<p>\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u4ecd\u4ee4\u7f8e\u5143\u53d7\u60e0\u65bc\u907f\u96aa\u5c6c\u6027\u3002\u5e03\u862d\u7279\u539f\u6cb9\uff08Brent crude\uff0c\u570b\u969b\u6cb9\u50f9\u57fa\u6e96\u4e4b\u4e00\uff09\u5728\u6bcf\u687695\u7f8e\u5143\u9644\u8fd1\u4f01\u7a69\uff0c\u53cd\u6620\u970d\u723e\u6728\u8332\u6d77\u5cfd\u822a\u904b\u6182\u616e\u672a\u6d88\u3002\u80fd\u6e90\u6210\u672c\u9577\u671f\u504f\u9ad8\uff0c\u5c0d\u4f5c\u70ba\u80fd\u6e90\u6de8\u9032\u53e3\u5730\u5340\u7684\u6b50\u5143\u5340\u58d3\u529b\u66f4\u5927\uff1b\u76f8\u5c0d\u800c\u8a00\uff0c\u7f8e\u570b\u80fd\u6e90\u4f9b\u61c9\u8f03\u81ea\u7d66\u81ea\u8db3\uff0c\u53d7\u5f71\u97ff\u8f03\u5c0f\u3002<\/p>\n<p>\u5728\u9019\u4e9b\u56e0\u7d20\u4ea4\u7e54\u4e0b\uff0c\u672a\u4f86\u6578\u5468\u6ce2\u52d5\uff08volatility\uff0c\u5373\u50f9\u683c\u4e0a\u843d\u5e45\u5ea6\uff09\u6599\u4ecd\u504f\u9ad8\u3002\u5c0d\u884d\u751f\u54c1\uff08derivatives\uff0c\u50f9\u503c\u53d6\u6c7a\u65bc\u6a19\u7684\u8cc7\u7522\u5982\u532f\u50f9\u7684\u91d1\u878d\u5de5\u5177\uff09\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u53ef\u8003\u616e\u4ee5\u300c\u9577\u8de8\u5f0f\u300d\uff08long straddle\uff0c\u540c\u6642\u8cb7\u5165\u540c\u5230\u671f\u65e5\u3001\u540c\u57f7\u884c\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\u8207\u8a8d\u6cbd\u671f\u6b0a\uff0c\u4ee5\u62bc\u6ce8\u5927\u6ce2\u5e45\u3001\u4e0d\u62bc\u6ce8\u65b9\u5411\uff09\u7684\u7b56\u7565\u6355\u6349\u6ce2\u5e45\u3002EUR\/USD\u4e09\u500b\u6708\u671f\u6b0a\uff08options\uff0c\u8ce6\u4e88\u8cb7\u8ce3\u6b0a\u5229\u4f46\u975e\u7fa9\u52d9\u7684\u5408\u7d04\uff09\u7684\u96b1\u542b\u6ce2\u52d5\u7387\uff08implied volatility\uff0c\u7531\u671f\u6b0a\u50f9\u683c\u53cd\u63a8\u5e02\u5834\u9810\u671f\u6ce2\u5e45\uff09\u5df2\u5347\u81f38.5%\uff0c\u53cd\u6620\u5e02\u5834\u9810\u671f\u532f\u50f9\u5c07\u6709\u660e\u986f\u6ce2\u52d5\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6b50\u5143\u514c\u7f8e\u5143\u8dcc\u52e2\u672a\u6b62\uff0c\u5e02\u5834\u52a0\u78bc\u62bc\u6ce8\u806f\u5132\u5c40\u518d\u52a0\u606f\uff0c\u7f8e\u5143\u5f37\u52e2\u518d\u73fe\uff1b\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u5347\u6eab\u63a8\u9ad8\u907f\u96aa\u9700\u6c42\uff0c\u532f\u50f9\u7e8c\u53d7\u58d3\uff0c\u6295\u8cc7\u8005\u5b9c\u614e\u9632\u6ce2\u52d5\u64f4\u5927\u3002<\/p>\n","protected":false},"author":125,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50498","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\/50498","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\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=50498"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/50498\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=50498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=50498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=50498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}