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国际套息交易,伴随着20世纪90年代全球经济大发展与各国央行的升息周期而盛极一时,同时日元也成为了其中的主角而大出风头。近期欧洲央行、美联储、日本央行等实施了一系列对外汇市场影响重大的动作,而笔者认为,在本轮量化宽松的背景下,套息交易和日元已难以成为市场的主角而重现当年风采。套息交易动力不足从欧债危机的最新进展看,欧元区的最新高危国家西班牙状况依旧阴霾重重。此外,有媒体报道称,欧洲央行执委会成员阿斯穆森表示,欧洲央行不会参与任何可能的希腊债务重组过程。这加重了市场对希腊可能继续消耗救助资金直至违约的担忧。从目前的种种形势来看,笔者认为,改变国际金融格局的欧债危机远未结束。
International hedging transactions, with the great global economic development in the 1990s and the central banks raise interest rates cycle and very prosperous, while the Japanese yen has also become one of the protagonists and limelight. Recently the European Central Bank, the Federal Reserve, the Bank of Japan and a series of major foreign exchange market movements, and I believe that this round of quantitative easing, hedging transactions and the yen has become difficult to become the protagonist of the market and reproduce the year Style. Insufficient interest rate trading From the latest developments in the debt crisis in Europe, the latest high-risk countries in the euro area, Spain is still haze state. In addition, media reports said the European Central Bank Executive Board member 阿斯莫森 said that the ECB will not participate in any possible Greek debt restructuring process. This exacerbated the market for Greece may continue to consume aid until the breach of contract concerns. Judging from the current situation, the author believes that the European debt crisis that has changed the pattern of international finance is far from over.