二季度非美货币走势存在明显的分化：欧系货币相对强劲，日元处在数年低点盘整，而商品货币则萎靡不堪——澳元、加元、纽元都跌破一季度低点。那么，商品货币的长期跌势是否会在下半年延续?对此，本文将尝试从经济基本面、政策差异和商品周期三方面进行分析。
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