
V 100 202311PMI 1241287.10-7.19 20111290 Z0017101 1..........................................................................................1 1.1..............................................................................11.2..........................................................................31.2.1.............................................................................................31.2.2.............................................................................................41.2.3.............................................................................................4 2.................................................................................................5 2.1-..................................................................52.2.......................................................................52.2.1.....................................................................................52.2.2.....................................................................................62.2.3..................................................................................82.2.4..................................................................................92.3................................................................................102.3.1.................................................................102.3.2..............................................................11 3........................................................................................12 3.1.................................................................123.2...................................................................................153.3..........................................................17...........................................................................................19..................................................................................................20……………………………………………………………………………….21.........................................................................................................22......................................................................................................22 1.1.1..................................................................................................11.1.12023112712121.1.2.....................................................................21.1.3CME FedWatch/.............................32.1.1...............................................................................................52.2.1..........................................................52.2.2..............................................................52.2.3..........................................................62.2.4................................................................................72.2.5%..............................................................82.2.6.....................................................................92.2.7NDFUSDCNH.......................................................................102.2.8USDCNY25Delta%........................102.3.1.............................................102.3.2.......................................................................102.3.3.............................................112.3.4.......................................................................113.3.12023.11.27-12.1..............................171.................................192%..................................................................203...................................................214Shibor%............................................................................21 5SOFR%.............................................................................216%.................................................................................227....................................................................................22 1. 1.1 202311 27121CFETSBIS SDR121 16:30 VFOMCWallerWallerAckman32544.7%11PMI11PMI49.4%49.7%49.5%0.111PMI50.2%50.6%0.411PMI7.1412116:30103.2067 7.1400 7.1433 USDCNHUSDCNYBloomberg 1.2 1.2.1 7.402022 100OECD2023GDP 2.9%20242.7%202311PMI11PMIEPMI20235.2%20244.7%91241287.10-7.19 1.2.2 1.2.3 2. 2.1- 1217.110447 Refinitiv Bloomberg 2.2 2.2.1 2.2.2 10480.59101061.7%67.2%9910 2.2.3 2.2.4 121NDF6.968035USDCNY25Delta 2.3 2.3.1 12123127.137862014831 Bloomberg Bloomberg 2.3.2 12123127.13548616212 Bloomberg 3. 3.1 3.2 3.3 / 136310008400 8888 910www.nanhua.net603093