政策或渐进式抬升汇率运行中枢及波幅

10CPI 3227.104167.104194 7.107.103227.10416202420242 7.180-7.280 20111290 Z0017101 1..........................................................................................1 1.1..............................................................................11.2..........................................................................21.2.1.............................................................................................21.2.2.............................................................................................41.2.3.............................................................................................4 2.................................................................................................5 2.1-..................................................................52.2.......................................................................52.2.1.....................................................................................52.2.2.....................................................................................62.2.3..................................................................................72.2.4..................................................................................82.3..................................................................................92.3.1...................................................................92.3.2...............................................................9 3.........................................................................................11 3.1..................................................................113.2...................................................................................143.3..........................................................16...........................................................................................17..................................................................................................18……………………………………………………………………………….19.........................................................................................................20......................................................................................................20 1.1.1..................................................................................................11.1.12024415419.21.1.2.....................................................................21.2.1......................31.2.2..................42.1.1...............................................................................................52.2.1..........................................................52.2.2..............................................................52.2.3..........................................................62.2.4................................................................................62.2.5%..............................................................72.2.6.....................................................................82.2.7NDFUSDCNH.........................................................................82.2.8USDCNY25Delta%..........................82.3.1...............................................92.3.2.........................................................................92.3.3.............................................102.3.4.......................................................................103.3.12024.4.22-4.28................................161.................................172%..................................................................183...................................................19 4Shibor%............................................................................195SOFR%.............................................................................196%.................................................................................207....................................................................................20 1. 1.1 2024 4 15419CFETSBIS SDR419 16:30 37 USDCNHUSDCNYBloomberg 1.2 1.2.1 20242 523223227.10322 7.10-7.307.107.10 3227.104167.10419 47.107.103227.104162024202427.180-7.280 1.2.2 1.2.3 2. 2.1- 4197.096779 Refinitiv Bloomberg 2.2 2.2.1 2.2.2 2.2.3 2.2.4 419NDF7.0525160USDCNY25Delta iFinD 2.3 2.3.1 41924067.2436378572 Bloomberg 2.3.2 41924067.2434258784 3. 3.1 3.2 3.3 iFinD / 136310008400 8888 910www.nanhua.net603093