The biggest threat to investors may come from the foreign exchange market rather than directly from the stretched prices of equity and bond markets. Judging by recent policy and technical signals, the forex market may be about to exit an unusual phase of low volatility.
投資者的最大威脅可能來(lái)自外匯市場(chǎng)，而非直接來(lái)自股票和債券市場(chǎng)的價(jià)格過(guò)高。從最近的政策和技術(shù)信號(hào)來(lái)判斷，外匯市場(chǎng)低波動(dòng)性的異常時(shí)期可能即將結(jié)束。
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