{"id":19179,"date":"2025-06-30T08:13:01","date_gmt":"2025-06-30T07:13:01","guid":{"rendered":"https:\/\/finalto.com\/resources\/news-events\/news\/%e5%9c%a8%e9%a2%a0%e8%a6%86%e6%80%a7%e5%8f%98%e9%9d%a9%e6%97%b6%e4%bb%a3%e9%87%8d%e6%96%b0%e5%ae%a1%e8%a7%86%e5%a4%96%e6%b1%87%e9%a3%8e%e9%99%a9%e4%b8%8e%e6%9c%ba%e9%81%87\/"},"modified":"2026-06-16T14:04:17","modified_gmt":"2026-06-16T13:04:17","slug":"%e5%9c%a8%e9%a2%a0%e8%a6%86%e6%80%a7%e5%8f%98%e9%9d%a9%e6%97%b6%e4%bb%a3%e9%87%8d%e6%96%b0%e5%ae%a1%e8%a7%86%e5%a4%96%e6%b1%87%e9%a3%8e%e9%99%a9%e4%b8%8e%e6%9c%ba%e9%81%87","status":"publish","type":"post","link":"https:\/\/finalto.com\/zh-hans\/resources\/news-insights\/news\/%e5%9c%a8%e9%a2%a0%e8%a6%86%e6%80%a7%e5%8f%98%e9%9d%a9%e6%97%b6%e4%bb%a3%e9%87%8d%e6%96%b0%e5%ae%a1%e8%a7%86%e5%a4%96%e6%b1%87%e9%a3%8e%e9%99%a9%e4%b8%8e%e6%9c%ba%e9%81%87\/","title":{"rendered":"\u5728\u98a0\u8986\u6027\u53d8\u9769\u65f6\u4ee3\u91cd\u65b0\u5ba1\u89c6\u5916\u6c47\u98ce\u9669\u4e0e\u673a\u9047"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">\u5728\u98a0\u8986\u6027\u53d8\u9769\u65f6\u4ee3\u91cd\u65b0\u5ba1\u89c6\u5916\u6c47\u98ce\u9669\u4e0e\u673a\u9047<\/h1>\n\n<p>\u80a1\u7968\u57fa\u91d1\u7ecf\u7406\u5982\u4f55\u5e94\u5bf9\u6c47\u7387\u98ce\u9669\uff1f\u4ed6\u4eec\u6839\u672c\u4e0d\u7406\u4f1a\uff0c\u81f3\u5c11\u5728\u53ef\u4ee5\u907f\u514d\u7684\u60c5\u51b5\u4e0b\u662f\u5982\u6b64\u3002\u300a\u7ecf\u6d4e\u5b66\u4eba\u300b\u7565\u5e26\u8c03\u4f83\u5730<a href=\"https:\/\/www.economist.com\/finance-and-economics\/2025\/05\/28\/shareholders-face-a-big-new-problem-currency-risk\" target=\"_blank\" rel=\"noopener\">\u6307\u51fa<\/a>\uff1a\u201c\u9884\u6d4b\u6536\u76ca\u672c\u5c31\u4ee4\u4eba\u5934\u75bc\u3002 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rel=\"noopener\">\u5728\u300a\u91d1\u878d\u65f6\u62a5\u300b\u4e2d\u6240\u6307\u51fa\u7684<\/a>\uff0c\u7f8e\u56fd\u80a1\u7968\u6295\u8d44\u8005\u201c\u591a\u5e74\u6765\u51e0\u4e4e\u4ece\u672a\u8003\u8651\u8fc7\u5916\u6c47\u98ce\u9669\u3002\u4f55\u5fc5\u8d39\u90a3\u4e2a\u52b2\u5462\uff1f\u201d\u6295\u8d44\u7ec4\u5408\u4e3b\u8981\u96c6\u4e2d\u4e8e\u56fd\u5185\u5e02\u573a\uff0c\u7f8e\u5143\u7684\u6025\u5267\u8d2c\u503c\u6839\u672c\u4e0d\u662f\u4e00\u4e2a\u8feb\u5728\u7709\u776b\u7684\u62c5\u5fe7\u3002 \u7136\u800c\uff0c\u8fd1\u671f\u51fa\u73b0\u7684\u52a8\u8361\u3001\u5173\u7a0e\u4ee5\u53ca\u66f4\u5e7f\u6cdb\u7684\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u5df2\u6253\u7834\u4e86\u8fd9\u79cd\u81ea\u6ee1\u60c5\u7eea\uff0c\u6b63\u5982\u90a3\u6761\u6807\u9898\u6240\u7cbe\u8f9f\u6982\u62ec\u7684\uff1a\u201c\u7f8e\u5143\u75b2\u8f6f\u6b63\u5c06\u6240\u6709\u57fa\u91d1\u7ecf\u7406\u53d8\u6210\u5916\u6c47\u4ea4\u6613\u5458\u3002\u201d  <\/p>\n\n<h4 class=\"wp-block-heading\">\u5916\u6c47\u5e02\u573a\u7684\u65b0\u683c\u5c40\uff1f<\/h4>\n\n<p>\u867d\u7136\u6295\u8d44\u7ec4\u5408\u7ecf\u7406\u53ef\u80fd\u5c06\u6c47\u7387\u6ce2\u52a8\u89c6\u4e3a\u4e00\u79cd\u9ebb\u70e6\uff0c\u4f46\u5bf9\u5916\u6c47\u4ea4\u6613\u5458\u800c\u8a00\uff0c\u6b63\u662f\u8fd9\u4e9b\u6ce2\u52a8\u624d\u662f\u4e00\u5207\u5de5\u4f5c\u7684\u771f\u6b63\u6240\u5728\u3002<\/p>\n\n<p>\u800c2025\u5e74\u786e\u5b9e\u7ed9\u4e86\u4ed6\u4eec\u5927\u91cf\u53ef\u64cd\u4f5c\u7684\u7a7a\u95f4\u3002<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-08\/fx-volatility-bets-show-swings-will-get-bigger-as-tariffs-shatter-order\" target=\"_blank\" rel=\"noopener\">4\u6708\uff0c\u5f6d\u535a\u793e\u63f4\u5f15\u4e00\u4f4d\u5916\u6c47<\/a>\u4ea4\u6613\u5458\u7684\u8bdd\u79f0\uff0c\u6c47\u7387\u6ce2\u52a8\u201c\u7b80\u76f4\u75af\u72c2\u81f3\u6781\u201d\u3002\u5927\u7ea6\u5728\u540c\u4e00\u65f6\u671f\uff0c\u8377\u5170\u56fd\u9645\u96c6\u56e2\uff08ING\uff09\u5b8f\u89c2<a href=\"https:\/\/think.ing.com\/articles\/trumps-sledgehammer-tariff-reversal-our-reaction\/\" target=\"_blank\" rel=\"noopener\">\u7ecf\u6d4e\u7814\u7a76\u4e3b\u7ba1\u5c06\u8fd9\u4e00\u5c40\u9762\u5f62\u5bb9\u4e3a<\/a>\u201c\u4e0d\u4ec5\u6df7\u4e71\uff0c\u7b80\u76f4\u75af\u72c2\u201d\u3002  <\/p>\n\n<p>\u968f\u7740\u5e02\u573a\u9010\u6e10\u9002\u5e94\u7f8e\u56fd\u653f\u7b56\u6ce2\u52a8\u5e26\u6765\u7684\u201c\u65b0\u5e38\u6001\u201d\uff0c\u65b0\u7684\u673a\u9047\u683c\u5c40\u6b63\u5728\u6d6e\u73b0\u3002<\/p>\n\n<p>\u7f8e\u5143\u4f5c\u4e3a\u5168\u7403\u907f\u9669\u8d44\u4ea7\u7684\u5730\u4f4d\u4e0b\u6ed1\uff0c\u6216\u8bb8\u9884\u793a\u7740\u5e02\u573a\u6ce2\u52a8\u6027\u5c06\u52a0\u5267\u3002\u4f46\u77db\u76fe\u7684\u662f\uff0c\u5728\u5168\u7403\u98ce\u9669\u4e8b\u4ef6\u53d1\u751f\u671f\u95f4\uff0c\u7f8e\u5143\u7684\u6ce2\u52a8\u6027\u53cd\u800c\u6709\u6240\u51cf\u5f31\uff0c\u8fd9\u4f7f\u5f97\u5b83\u5bf9\u8c28\u614e\u7684\u6295\u8d44\u8005\u800c\u8a00\uff0c\u4f5c\u4e3a\u907f\u9669\u8d44\u4ea7\u7684\u5438\u5f15\u529b\u6709\u6240\u4e0b\u964d\u3002 <\/p>\n\n<p>\u76f8\u53cd\uff0c\u6b63\u662f\u8fd9\u79cd\u7a33\u5b9a\u6027\u4f7f\u5176\u4f5c\u4e3a\u5957\u5229\u4ea4\u6613\u7684\u878d\u8d44\u8d27\u5e01\u66f4\u5177\u5438\u5f15\u529b\u2014\u2014\u4ea4\u6613\u5458\u501f\u5165\u4f4e\u6210\u672c\u7684\u7f8e\u5143\uff0c\u7528\u4e8e\u6295\u8d44\u6536\u76ca\u7387\u66f4\u9ad8\u7684\u65b0\u5174\u5e02\u573a\u8d27\u5e01\u3002<\/p>\n\n<p>\u8fd9\u79cd\u8f6c\u53d8\u5728\u67d0\u4e9b\u65b9\u9762\u4ee4\u4eba\u610f\u5916\uff1a\u4e00\u79cd\u8d27\u5e01\u5728\u5931\u53bb\u201c\u907f\u9669\u8d44\u4ea7\u201d\u5730\u4f4d\u7684\u540c\u65f6\uff0c\u5374\u4f5c\u4e3a\u5957\u5229\u4ea4\u6613\u7684\u57fa\u77f3\u800c\u65e5\u76ca\u53d7\u5230\u9752\u7750\uff0c\u8fd9\u5728\u5916\u6c47\u5e02\u573a\u4e0a\u5f62\u6210\u4e86\u4e00\u79cd\u5d2d\u65b0\u4e14\u6709\u4e9b\u51fa\u4eba\u610f\u6599\u7684\u52a8\u6001\u3002<\/p>\n\n<p>\u4f46\u6b63\u5982<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-25\/dollar-s-falling-volatility-creates-appeal-as-carry-trade-funderno\" target=\"_blank\" rel=\"noopener\">\u5f6d\u535a\u793e\u6700\u8fd1\u7684\u4e00\u4efd\u62a5\u544a<\/a>\u6240\u6307\u51fa\u7684\uff0c\u7f8e\u5143\u6ce2\u52a8\u6027\u7684\u964d\u4f4e\u4f7f\u5176\u4f5c\u4e3a\u878d\u8d44\u5de5\u5177\u7684\u5438\u5f15\u529b\u5927\u4e8e\u4f5c\u4e3a\u50a8\u5907\u8d44\u4ea7\u7684\u5438\u5f15\u529b\u3002 \u636e\u8be5\u62a5\u9053\u79f0\uff1a\u201c\u6839\u636e\u5f6d\u535a\u793e\u7684\u8ba1\u7b97\uff0c\u4e00\u79cd\u4ee5\u7f8e\u5143\u878d\u8d44\u3001\u505a\u591a\u5df4\u897f\u96f7\u4e9a\u5c14\u3001\u58a8\u897f\u54e5\u6bd4\u7d22\u3001\u5370\u5ea6\u5362\u6bd4\u3001\u5370\u5c3c\u5362\u6bd4\u3001\u5357\u975e\u5170\u7279\u548c\u571f\u8033\u5176\u91cc\u62c9\u7684\u5957\u5229\u4ea4\u6613\uff0c\u4eca\u5e74\u5df2\u83b7\u5f978%\u7684\u56de\u62a5\u3002\u201d <\/p>\n\n<p>\u8fd9\u4e0e\u5957\u5229\u4ea4\u6613\u4e2d\u5e38\u7528\u7684\u5176\u4ed6\u53d1\u8fbe\u5e02\u573a\u8d27\u5e01\u5f62\u6210\u4e86\u9c9c\u660e\u5bf9\u6bd4\uff1a\u201c\u4ee5\u65e5\u5143\u3001\u6b27\u5143\u548c\u745e\u58eb\u6cd5\u90ce\u4e3a\u8d44\u91d1\u6765\u6e90\u7684\u7c7b\u4f3c\u6295\u8d44\u7ec4\u5408\uff0c\u5176\u56de\u62a5\u7387\u5206\u522b\u4e3a2.6%\u3001-3.3%\u548c-2.2%\u3002\u201d<\/p>\n\n<p>\u5c3d\u7ba1\u7f8e\u5143\u4f5c\u4e3a\u5168\u7403\u50a8\u5907\u8d27\u5e01\u5730\u4f4d\u7684\u8870\u843d<a href=\"https:\/\/www.lseg.com\/en\/insights\/ftse-russell\/us-dollar-and-treasuries-reports-of-their-death-may-be-exaggerated\" target=\"_blank\" rel=\"noopener\">\u53ef\u80fd\u88ab\u5938\u5927\u4e86<\/a>\uff0c\u4f46\u81f3\u5c11\u76ee\u524d\u800c\u8a00\uff0c\u80a1\u7968\u57fa\u91d1\u7ecf\u7406\u3001\u5916\u6c47\u4ea4\u6613\u5458\u548c\u666e\u901a\u6295\u8d44\u8005\u6216\u8bb8\u9700\u8981\u91cd\u65b0\u5ba1\u89c6\u4e00\u4e9b\u5173\u4e8e\u6c47\u7387\u98ce\u9669\u7684\u4e3b\u6d41\u89c2\u70b9\u3002<\/p>\n\n<h4 class=\"wp-block-heading\">\u4e3a\u5145\u6ee1\u6d3b\u529b\u7684\u5e02\u573a\u63d0\u4f9b\u52a8\u6001\u6d41\u52a8\u6027<\/h4>\n\n<p>\u968f\u7740\u5e02\u573a\u5bf9\u6c47\u7387\u98ce\u9669\u7684\u4f20\u7edf\u770b\u6cd5\u4e0d\u65ad\u6f14\u53d8\uff0cFinalto \u4e3a\u5ba2\u6237\u63d0\u4f9b\u65e0\u7f1d\u63a5\u5165\u5404\u7c7b\u5916\u6c47\u4ea7\u54c1\u53ca\u5b9e\u65f6\u5e02\u573a\u6d1e\u5bdf\u7684\u6e20\u9053\u3002Finalto 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