美元刚刚跌出“新纪录”,今年前五个月累计下跌8.4%,创下有史以来最差“开年表现”。随着美元逐步迈向衰落,其具体的回落空间和路径将是如何? 华泰研究在周二的最新报告中表示,4月2日特朗普宣布对等关税后,美元不升反降成为市场最大的"反直觉"现象之一。进一步来看,美国经济规模相对下降、政治极化加剧、债务风险上升、地缘冲突加剧,一系列长期支撑美元地位的因素正边际削弱。 根据华泰测算,美元目前被高估15-...
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