汇市新闻

法興銀行:美聯儲削減資産負債表對美元來說意味着什麽?

日期:2017-04-07

       法國興業銀行(601166,股吧)(Societe Generale)分析師周五(4月7日)公布外匯策略研究報告,就削減資産負債表對美元的影響進行分析,具體内容如下:
 
  該行指出,聯邦公開市場委員會(FOMC)3月會議紀要的重點為,何時以及如何開始削減美聯儲(FED)資産負債表這一過程。
 
  縮減資産負債表對美元來說至關重要,主要有以下兩個原因:首先,目前美國加息周期正在進行中,對美元來說重要的不是今年加息幾次,而是美聯儲的長期目標。其次,縮表對較長期美債收益率來說非常重要。若我們全部試圖下修最終收益率目標而非上修,那麽美元將不會從美聯儲中獲益。
 
  因此,該行認為因10年期美債依舊徘徊於4個月區間底部,美元存在明顯下行的風險
 
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