• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    The Relationship Between Exchange Rate And Stock Market Is Not So Simple.

    2016/1/17 10:54:00 35

    Exchange RateStock MarketFinancial Market

    Exchange rate and stock market are not simply or negatively related.

    (1) the direct relationship between exchange rate and stock market is unstable because these two variables are dependent variables, and the independent variables are monetary liquidity and economic growth.

    When currency is loose and economic growth is stable, the depreciation of exchange rate can be called active depreciation. When the economy is trapped and the fundamentals deteriorate, the depreciation of exchange rate can be called passive.

    depreciation

    (2) when the market depreciates, the stock market rises.

    After the outbreak of the US subprime crisis, the US dollar fell by 15%, and the S & P increased by 71%. QE

    By the end of 12, Japan implemented "Andouble economics", the Japanese yen depreciated more than 60% against the US dollar, and the Nikkei 225 increased by 130%.

    (3) when the market depreciates passively, the stock market falls.

    Affected by the US subprime crisis, South Korea's fundamentals have deteriorated significantly. The Korean won has depreciated by 43% and the South Korea composite index has fallen by 40%.

    Brent crude oil prices plummeted in July of 14. The fall in oil prices led to a significant depreciation of Russian rouble and a 40% plunge in the stock market.

    More vigilance is the potential risks of emerging market countries.

    (1) the angle of exchange rate is more vigilant. It is the risk of partial crisis.

    Several financial crises caused by emerging market countries in the past, such as 97 years' Thailand, 98 years' Russia and 02 years' Argentina, will have an impact on the global capital market.

    In the 10 years, 4-7 months and 11 years, 7-10 years and two times, the Greek debt crisis broke out, and the global stock index fell synchronously. If there is no euro zone bailout for Greece, the consequences will be even more serious.

    (2) measure the burden of external debt and guard against risks in Ukraine, Kazakhstan, Australia and Canada.

    Foreign debt / foreign exchange reserve and foreign debt /GDP ratio are important indicators to measure the size of potential crises. At present, Ukraine, Kazakhstan, Australia and Canada have higher foreign debt / foreign exchange reserves and /GDP.

    The resource related industries are the main industries of Ukraine, Kazakhstan, Australia and Canada. In the future, we need to be vigilant that the Federal Reserve raising interest rates will cause the price of oil, metals and other resource goods to fall. These countries will have a heavier debt burden and may explode risks.

      

    RMB

    The active depreciation should not be overemphasized.

    (1) the devaluation of RMB devaluation in the 14 years is an active depreciation. The background of devaluation is loose monetary policy. Monetary easing and other policies have hedged the downward pressure of economic growth, so on the whole, the stock market is rising.

    (2) after the depreciation of the 811 exchange rate, the stock market plummeted.

    financial risk

    811 the central parity of RMB continued to decline for three days. A shares did not drop immediately, or even slightly increased.

    The real decline of A shares began in August 18th, when the currencies of many emerging market countries followed the devaluation, and the greater the magnitude, the continued depreciation of the renminbi increased the market's expectation of raising interest rates by the Federal Reserve, and global investors worried about the recurrence of the crisis.

    (3) the devaluation is smaller and more controllable.

    In early 16, the exchange rate depreciation rate of emerging market countries was not large, only South Africa and Argentina were more than 5%.

    In addition, the RMB exchange rate, regulators have begun to intervene in the RMB exchange rate, the recent two days the RMB Offshore and offshore exchange rate has picked up.

    Risk warning: overseas financial market volatility, economic growth stall, policy regulation and control market than expected.


    • Related reading

    A股市場:成也資金,敗也資金

    Industry stock market
    |
    2016/1/16 11:21:00
    10

    The Stock Market Crash Has Affected A Small Number Of People.

    Industry stock market
    |
    2016/1/15 20:32:00
    12

    The First Blood After 2016: Stock Market Still Has Opportunities After The Stock Market Crash 3.

    Industry stock market
    |
    2016/1/12 19:49:00
    86

    The First Trading Week Of The New Year, The Ups And Downs Of The Stock Market

    Industry stock market
    |
    2016/1/11 16:33:00
    13

    Market Short Term Overfall Rebound Rebound Demand

    Industry stock market
    |
    2016/1/10 10:35:00
    17
    Read the next article

    Jewelry Occupies Half Of The "3D Amazon"

    With the slow growth of China's jewelry industry, the "Internet +3D printing" jewellery, which has great potential but has not been fully developed, is attracting 3D printing companies and jewelry companies, or will promote the innovation and change of the whole jewelry industry's operation mode.

    主站蜘蛛池模板: 四虎成人免费网站在线| 日批视频网址免费观看| 国产精品模特hd在线| 亚洲男女一区二区三区| avtt2015天堂网| 激情三级hd中文字幕| 在线精品日韩一区二区三区| 人妻人人澡人人添人人爽| A∨变态另类天堂无码专区| 激情久久av一区av二区av三区 | 女人16一毛片| 你是我的城池营垒免费观看完整版| www.av网| 毛片a级三毛片免费播放| 在线观看片免费人成视频播放| 国产黄三级三·级三级| 亚洲爆乳无码专区www| 1000部精品久久久久久久久| 欧美中文字幕视频| 国产婷婷色一区二区三区| 久久免费观看国产精品88av| 色爱无码av综合区| 强挺进小y头的小花苞漫画| 免费人成在线观看网站| 91大神免费观看| 最近最好的中文字幕2019免费 | 另类小说亚洲色图| 一个人看的视频www在线| 波多野结衣女教师在线观看| 国产精品无码久久四虎| 九九视频精品在线| 色悠久久久久久久综合网伊人 | 国产美女牲交视频| 久久精品无码专区免费东京热| 视频一区在线观看| 少妇高潮惨叫喷水在线观看| 亚洲酒色1314狠狠做| 五月天婷五月天综合网站| 日本丶国产丶欧美色综合| 八区精品色欲人妻综合网| 91狼人社在线观看|