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美联储缩减QE只是时间问题。面对一个紧缩周期的来临,美元更大的升幅可能还在后面。过去两个月的汇市走势围绕对美联储退出量化宽松政策(QE)的预期大幅震荡。美联储主席伯南克在6月份会议上正式提出退出QE的路线图,各主要货币兑美元应声大幅下挫,欧元/美元自1.34区域的年中顶部跌至1.27区域的年内低点,美元/日元也在6月中旬经历一波大幅回调后重返100关口上方。在QE退出计划引发市场震荡后,美联储
It is only a matter of time before the Fed cuts QE. In the face of a tightening cycle, a larger increase of the U.S. dollar may still be behind. The past two months of currency movements have revolved around expectations that the Fed will withdraw from the QE. At the June meeting, Federal Reserve Chairman Ben Bernanke formally put forward a roadmap to exit QE. Major currencies fell sharply against the U.S. dollar. The euro / dollar fell from the top of mid-year in the 1.34 region to an intraday low of 1.27. The dollar / yen Also in mid-June after a wave of significant correction back to the top of the 100 mark. After the QE exit plan triggered the market turmoil, the Fed