摸的清监测汇率强脉搏汇率大研判系列敬上20240917

率大研判系列敬上率大研判系列敬上20240917_原文原文 2024年09月17日21：06发言人00：00欢迎加入会议。并接入进门财经电话会议系统。请输入参会密码。 摸的清：监测汇率摸的清：监测汇率“强强”脉搏脉搏–汇汇 率大研判系列敬上率大研判系列敬上20240917_原文原文 2024年09月17日21：06发言人00：00欢迎加入会议。并接入进门财经电话会议系统。请输入参会密码。 您已成功加入会议，感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting isready to start. Please remain on the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人01：06感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人01：30感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人05：00感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 发言人05：23感谢大家参加本次会议。会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人05：47 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人06：10 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人06：34感谢大家参加本次会议。会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人09：17 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Trees remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人10：04 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人10：51 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 发言人11：37 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人12：01 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人12：24 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人12：47感谢大家参加本次会议。会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain 发言人13：11 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人13：34 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人13：58 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人14：21 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remainon the line. 发言人14：43 本次电话会议仅服务于华创证券研究所客户，不构成投资建议，相关人员应自主作出投资决策，并自行承担投资风险。华创证券不应使用本次内容所导致的任何损失承担任何责任。专家发言内容仅代表专家个人观点，不代表本公司观点。 发言人15：07 本次会议内容不得涉及国家保密信息、内幕信息、未公开重大信息、商业秘密、个人隐私，不得涉及可能引发不断炒作或股价异常波动的敏感信息，不得涉及影响社会或资本市场稳定的言论。未经华创证券事先书面许可，任何机构或个人不得以任何形式复制、刊载、转载、转发、引用本次会议内容，否则，由此造成的一切后果及法律责任由该机构或个人承担，本公司保留追究其法律责任的权利。市场有风险投资需谨慎。 发言人15：56各位投资者晚上好，欢迎收听我们华创宏观10 日谈系列。我是宏观组的助理研究员夏雪。我今天分享的主要内容是系列6，摸得清监测汇率强脉搏汇率研判系列。我今天的分享主要是四部分内容，首先第一部分是汇率定价的核心要素是什么？把握汇率趋势研判的一个核心，有助于我们去把握它中期的一个趋势动向。第二部分是最近我们观测到监测政策意图的一个高频指标，逆周期因子影子变量，时隔一年首次退出，那它背后有什么含义，对资本市场有什么影响？