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自2017年3月以来,美联储加息步伐不断加快,美元强势回归,美元指数攀升,人民币面临持续被动贬值的风险。我国实行以市场供求为基础、参考一篮子货币、有管理的浮动汇率制度,纵观日元、欧元对美元贬值幅度更甚,人民币汇率有持续走低的趋势。人们对股市的一些看法会形成市场预期,一旦人民币贬值的预期形成并确定,热钱外流、资本出逃给我国股市带来较大波动,影响我国股市长期稳定发展。
Since March 2017, the pace of the Federal Reserve’s interest rate hike has been accelerating. The dollar has returned strongly. The dollar index has risen. The renminbi is at risk of continuing passive devaluation. China has implemented a floating exchange rate system based on market supply and demand with reference to a basket of currencies. When looking at the yen, the depreciation of the euro against the dollar is even worse, and the exchange rate of the renminbi has a downward trend. Some people’s views on the stock market will form a market expectation. Once the expected devaluation of the renminbi is formed and determined, the outflow of hot money and the capital flight will bring great volatility to the stock market of our country, affecting the long-term stable development of the stock market in our country.