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唐山市(遵化市、古冶区、玉田县、曹妃甸区、丰南区、乐亭县、开平区、丰润区、滦南县、迁西县、路北区、迁安市、路南区、滦州市)
铁岭市(调兵山市、开原市、昌图县、银州区、西丰县、铁岭县、清河区)
庆阳市(华池县、镇原县、宁县、合水县、西峰区、环县、正宁县、庆城县)








鹰潭市(贵溪市、余江区、月湖区)
泰州市(姜堰区、高港区、海陵区、泰兴市、兴化市、靖江市)
金昌市(金川区、永昌县)
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中山市
西安市(碑林区、阎良区、莲湖区、周至县、高陵区、未央区、长安区、新城区、蓝田县、临潼区、雁塔区、鄠邑区、灞桥区)
大同市(广灵县、左云县、浑源县、云冈区、平城区、云州区、新荣区、灵丘县、阳高县、天镇县)
菏泽市(巨野县、牡丹区、东明县、定陶区、成武县、曹县、单县、鄄城县、郓城县)
盘锦市(盘山县、兴隆台区、大洼区、双台子区)

  汇通财经APP讯——全球外汇市场正经历一场前所未有的震荡。在特朗普政府4月2日突然宣布加征关税后,美元指数持续下行,周一(4月21日)刷新近三年低点至98.16,欧元兑美元则强势刷新突破三年高点。面对这场“关税冲击波”,美国跨国企业纷纷采取紧急行动——将汇率对冲周期从常规的几个月大幅延长至2-5年,创下近年罕见纪录。这场汇率“超长防御战”的背后,折射出企业对贸易战长期化的深度忧虑。

  1.对冲周期创纪录延长

  “过去一周,我们看到客户纷纷将对冲期拉长到目前可操作的最长期限。”MillTechFX首席执行官EricHuttman透露。瑞穗银行数据显示,其客户普遍将对冲周期从短期调整为2-5年,这种“超长期对冲”在以往极为罕见。美国银行外汇销售主管PaulaComings指出,企业正疯狂调整策略,将关注重点从加元、墨西哥比索紧急转向欧元。

  2.期权策略成新宠

  在传统远期合约成本飙升的背景下,期权策略正成为企业新宠。伦敦证券交易所数据显示,自关税宣布以来,欧元一个月期隐含波动率暴涨72%,而两年期仅上升23%。Kyriba全球支持主管BobStark解释:“期权让企业不必现在就锁定未来走势,在当前环境下尤其珍贵。”这种灵活性能帮助企业应对随时可能爆发的关税“黑天鹅”。

  3.美元疲软的双刃剑

  虽然美元贬值利好美国出口商,但其引发的连锁反应更令人担忧。瑞穗GarthAppelt分析:“美元疲软已成为关税动荡的最大副产品。”即便获得90天关税暂缓的国家,其货币波动仍未平息。更棘手的是,欧元强势虽使欧洲业务收入换算增值,却也推高了在欧运营成本,让企业陷入两难。

  总结:一场没有终点的货币战争

  当特朗普的关税大棒撞上美联储的政策转向,外汇市场正在上演一场“完美风暴”。企业被迫将对冲战线拉长至数年,反映出对贸易战长期化的深刻预期。这场汇率防御战暴露了两个残酷现实:一是传统对冲工具在政治风险面前日渐失效;二是企业已不再奢望短期波动平息,转而构筑“持久战”防御工事。

  关键展望:若美元持续走弱,新兴市场货币可能迎来新一轮动荡;政治因素正超越经济指标,成为汇率首要驱动力量;“超长期对冲”或催生新型金融衍生品创新

  在这场没有硝烟的货币战争中,企业外汇部门的“战备状态”,可能将随着特朗普的每一条动态消息而持续升级。

  北京泗泾14:00,美元指数现报98.22。

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