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一、主要国际货币走势出现短暂波动,但总体符合预期3月,市场对于欧州央行将先于美国启动加息进程的预期继续升温,加上3月份中东、北非局势动荡导致油价上涨,进一步加剧了欧元区的通胀压力和加息预期,美元、欧元的走势也基本符合利差逻辑,美元指数22日一度跌至70.24的十五个月低点(参见图1)。不过,随着23日葡萄牙新一轮货币紧缩政策被否决,葡萄牙主权债务评级也随之再遭下调,其10年期国债的收益率突破了7.8%,接近该国加入欧元区以来的最高水平。欧洲外围国家
First, the main trend of the international currency fluctuated briefly, but generally in line with expectations in March, the market for the European Central Bank will be ahead of the United States to raise interest rates continue to raise expectations of the process, coupled with turmoil in Middle East, North Africa in March led to rising oil prices, further exacerbating the Inflationary pressures in the euro area and interest rate hike expectations, the trend of the dollar, the euro basically consistent with the spread logic, the dollar index fell to a 15-month low of 70.24 on the 22nd (see Figure 1). However, with the new round of monetary tightening in Portugal rejected on the 23rd, Portugal’s sovereign debt rating will be further reduced, its 10-year bond yields exceeded 7.8%, close to the country’s highest level since joining the euro zone . European peripheral countries