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利差交易原本应可提供投资人避免受到美元波动影响的机会。按照逻辑,此类交易多借贷日元等超低利率国家货币,买进澳元或南非兰特等高利率国家货币,一方面躲开波动较大的美元,另一方面收割新兴市场货币涨势。但这次的经验显示,利差交易也并未能躲过美元下跌的波及。

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