从疫情中恢复的世界,自波澜中重寻平静的市场——2月20日以来外汇市场回顾与展望  

The World and Market Recovering from the COVID-19 Pandemic---Review and Outlook of the FX Market since February 20

作　　者：齐向宇[1] 

机构地区：[1]中国银行全球市场部

出　　处：《中国货币市场》2020年第6期35-38,共4页China Money

摘　　要：由于疫情压抑了需求,各国经济都在超低水平运转,而全球货币财政政策的有力支撑,又避免了企业大量破产的局面,各国经济逐步在低水平上找到了平衡。金融市场逐步恢复了一定的弹性,呈现出“逐险避险”交替主导的特征。文章力图复盘最近三个多月的外汇市场,探讨近期外汇市场的运行逻辑,以期为判断后市走势提供思维框架。As the pandemic has suppressed the demand,the economies of all countries have been operating at an ultra-low level,and the strong support of monetary and fiscal policies worldwide have helped avoid the scenario of large numbers of enterprises going bankrupt.The economies have gradually found a balance at the low level.The financial market has gradually regained a certain degree of resilience,presenting a characteristic of alternating dominance of"risk chasing"and"risk aversion".The article tries to replay the FX market of the past three months and explores the operation logic of the recent FX market in an attempt to provide a thinking framework for judging the future market trend.

关 键 词：外汇市场 金融市场 思维框架 货币财政政策 运行逻辑 有力支撑 疫情 回顾与展望 

分 类 号：F831.52[经济管理—金融学]