{"id":45084,"date":"2026-04-17T01:58:29","date_gmt":"2026-04-17T01:58:29","guid":{"rendered":"https:\/\/www.vglobaltrader.com\/kur\/uncategorized\/%d9%85%db%8c%da%a9%d8%a7%d8%a6%db%8e%d9%84-%d9%be%d9%81%db%8c%d8%b3%d8%aa%d8%b1-%d9%84%db%95-%da%a9%db%86%d9%85%db%8e%d8%b1%d8%b2%d8%a8%d8%a7%d9%86%da%a9-%d8%af%db%95%da%b5%db%8e%d8%aa-%d8%ac%d9%88\/"},"modified":"2026-04-17T01:58:29","modified_gmt":"2026-04-17T01:58:29","slug":"%d9%85%db%8c%da%a9%d8%a7%d8%a6%db%8e%d9%84-%d9%be%d9%81%db%8c%d8%b3%d8%aa%d8%b1-%d9%84%db%95-%da%a9%db%86%d9%85%db%8e%d8%b1%d8%b2%d8%a8%d8%a7%d9%86%da%a9-%d8%af%db%95%da%b5%db%8e%d8%aa-%d8%ac%d9%88","status":"publish","type":"post","link":"https:\/\/www.vglobaltrader.com\/kur\/live-updates\/%d9%85%db%8c%da%a9%d8%a7%d8%a6%db%8e%d9%84-%d9%be%d9%81%db%8c%d8%b3%d8%aa%d8%b1-%d9%84%db%95-%da%a9%db%86%d9%85%db%8e%d8%b1%d8%b2%d8%a8%d8%a7%d9%86%da%a9-%d8%af%db%95%da%b5%db%8e%d8%aa-%d8%ac%d9%88\/","title":{"rendered":"\u0645\u06cc\u06a9\u0627\u0626\u06ce\u0644 \u067e\u0641\u06cc\u0633\u062a\u0631 \u0644\u06d5 \u06a9\u06c6\u0645\u06ce\u0631\u0632\u0628\u0627\u0646\u06a9 \u062f\u06d5\u06b5\u06ce\u062a \u062c\u0648\u0648\u06b5\u06d5\u06a9\u0627\u0646\u06cc \u0628\u06d5\u0647\u06c6\u06cc \u062c\u06d5\u0646\u06af\u06d5\u0648\u06d5 \u0647\u0627\u062a\u0648\u0648\u060c \u0628\u0627\u0632\u0631\u06af\u0627\u0646\u06cc\u06cc \u06a9\u06d5\u0631\u06cc\u06cc G10 \u0648 \u0628\u0627\u0632\u0627\u0695\u06d5 \u0647\u06d5\u06b5\u06a9\u06d5\u0648\u062a\u0648\u0648\u06d5\u06a9\u0627\u0646 (EM) \u0628\u06d5\u0631\u0632\u06a9\u0631\u062f\u06d5\u0648\u06d5 \u0648 \u0642\u0627\u0632\u0627\u0646\u062c\u06d5\u06a9\u0627\u0646\u06cc \u0631\u06cc\u0627\u0644 \u0648 \u067e\u06ce\u0633\u06c6\u0634 \u0632\u06cc\u0627\u062f \u06a9\u0631\u062f"},"content":{"rendered":"<p>\u0645\u0627\u06cc\u06a9\u06b5 \u067e\u0641\u06cc\u0633\u062a\u06d5\u0631\u060c \u0634\u0627\u0631\u06cc\u0632\u0627\u0646\u06d5\u06cc Commerzbank\u060c \u062f\u06d5\u06b5\u06ce\u062a \u0633\u062a\u0631\u0627\u062a\u06cc\u062c\u06cc\u06cc \u00ab\u06a9\u0627\u0631\u06cc \u062a\u0631\u06cc\u062f\u00bb (Carry Trade: \u0642\u06d5\u0631\u0632\u06a9\u0631\u062f\u0646\/\u0648\u06d5\u0631\u06af\u0631\u062a\u0646\u06cc \u067e\u0627\u0631\u06d5 \u0628\u06d5 \u0646\u0631\u062e\u06ce\u06a9\u06cc \u0633\u0648\u0648\u062f\u06cc \u06a9\u06d5\u0645 \u0648 \u062f\u0627\u0646\u0627\u0646\u06cc \u0644\u06d5 \u062f\u0631\u0627\u0648\u06ce\u06a9\u06cc \u062a\u0631 \u0628\u06d5 \u0633\u0648\u0648\u062f\u06cc \u0632\u06c6\u0631 \u0628\u06c6 \u0648\u06d5\u0631\u06af\u0631\u062a\u0646\u06cc \u062c\u06cc\u0627\u0648\u0627\u0632\u06cc \u0633\u0648\u0648\u062f) \u0644\u06d5 \u062f\u0631\u0627\u0648\u06d5\u06a9\u0627\u0646\u06cc G10 \u0648 \u0628\u0627\u0632\u0627\u0631\u06d5 \u0647\u06d5\u06b5\u0633\u06d5\u0646\u06af\u0627\u0646\u062f\u0646\u06d5\u0648\u06d5\u06a9\u0627\u0646 (EM: \u0648\u06b5\u0627\u062a\u0627\u0646\u06cc \u0628\u0627\u0632\u0627\u0631\u06cc \u06af\u06d5\u0634\u06d5\u0633\u06d5\u0646\u062f\u0648\u0648) \u0644\u06d5 \u0633\u06d5\u0631\u06d5\u062a\u0627\u06cc 2025\u06d5\u0648\u06d5 \u0642\u0627\u0632\u0627\u0646\u062c\u06cc \u00ab\u0695\u06d5\u0642\u06d5\u0645\u06cc\/\u06a9\u0627\u063a\u06d5\u0632\u06cc\u00bb (Paper gains: \u0642\u0627\u0632\u0627\u0646\u062c\u06cc \u062a\u06c6\u0645\u0627\u0631\u06a9\u0631\u0627\u0648 \u0644\u06d5 \u0647\u06d5\u0698\u0645\u0627\u0631\u060c \u0646\u06d5\u06a9 \u0642\u0627\u0632\u0627\u0646\u062c\u06cc \u062f\u06b5\u0646\u06cc\u0627\u0628\u0648\u0648\u06d5 \u0628\u06c6 \u06a9\u0627\u062a\u06ce\u06a9 \u0641\u0631\u06c6\u0634\u062a \u0628\u06a9\u0631\u06ce\u062a)\u06cc \u0628\u06d5\u0647\u06ce\u0632\u06cc \u0646\u06cc\u0634\u0627\u0646 \u062f\u0627\u0648\u06d5. \u0626\u06d5\u0648\u06d5 \u0628\u06d5 \u062c\u0648\u06b5\u0627\u0646\u06d5\u0648\u06d5\u06a9\u0627\u0646\u06cc \u0628\u0627\u0632\u0627\u0695 \u067e\u06d5\u06cc\u0648\u06d5\u0633\u062a \u0628\u06d5 \u0626\u06ce\u0631\u0627\u0646\u06d5\u0648\u06d5 \u0648 \u0628\u06d5 \u062f\u0631\u0627\u0648\u06d5 \u0633\u0648\u0648\u062f\u0628\u06d5\u0631\u0632\u06d5\u06a9\u0627\u0646 \u0648\u06d5\u06a9 \u0631\u06cc\u0627\u0644\u06cc \u0628\u06d5\u0631\u0627\u0632\u06cc\u0644 \u0648 \u067e\u06ce\u0633\u06c6\u06cc \u0645\u06d5\u06a9\u0633\u06cc\u06a9 \u067e\u06d5\u06cc\u0648\u06d5\u0633\u062a \u062f\u06d5\u06a9\u0627\u062a.<\/p>\n<p>\u062f\u06d5\u06b5\u06ce\u062a \u0633\u062a\u0631\u0627\u062a\u06cc\u062c\u06cc\u06cc \u06a9\u0627\u0631\u06cc G10 \u0644\u06d5 \u0686\u0627\u0631\u06d5\u06a9\u06cc \u06cc\u06d5\u06a9\u06d5\u0645\u06cc \u0633\u0627\u06b5\u062f\u0627 \u0644\u06d5 \u062f\u0627\u0647\u0627\u062a\u06cc \u062a\u06d5\u0646\u0647\u0627 \u0633\u0648\u0648\u062f (Pure interest income: \u062a\u06d5\u0646\u0647\u0627 \u0648\u06d5\u0631\u06af\u0631\u062a\u0646\u06cc \u0633\u0648\u0648\u062f \u0644\u06d5 \u062c\u06cc\u0627\u0648\u0627\u0632\u06cc \u0646\u0631\u062e\u06d5\u06a9\u0627\u0646) \u0628\u0627\u0634\u062a\u0631 \u062f\u06d5\u0631\u0628\u0686\u0648\u0648. \u0626\u06d5\u0645\u06d5\u0634 \u0628\u06d5 \u062c\u0648\u06b5\u06d5\u06cc \u0646\u0631\u062e\u06cc \u062f\u0631\u0627\u0648 (Exchange rate moves: \u06af\u06c6\u0695\u0627\u0646\u06cc \u0646\u0631\u062e\/\u0647\u0627\u0648\u0633\u06d5\u0646\u06af\u06cc \u062f\u0631\u0627\u0648\u06d5\u06a9\u0627\u0646 \u0628\u06d5 \u06cc\u06d5\u06a9\u062a\u0631) \u062f\u06d5\u06af\u06d5\u0695\u06ce\u0646\u06ce\u062a\u06d5\u0648\u06d5 \u06a9\u06d5 \u067e\u0627\u06b5\u067e\u0634\u062a\u06cc\u06cc \u06a9\u0631\u062f\u0648\u0648\u06d5\u060c \u0644\u06d5\u06af\u06d5\u06b5 \u062f\u0627\u0647\u0627\u062a\u06cc \u0633\u0648\u0648\u062f.<\/p>\n<p>\u067e\u0641\u06cc\u0633\u062a\u06d5\u0631 \u062f\u06d5\u06b5\u06ce\u062a \u0628\u06d5\u06b5\u06af\u06d5\u06cc \u0626\u06d5\u0646\u062f\u0627\u0632\u06cc\u0627\u0631\u0627\u0646\u06d5 (Empirical evidence: \u062f\u0627\u062a\u0627 \u0648 \u062a\u0627\u0642\u06cc\u06a9\u0631\u062f\u0646\u06d5\u0648\u06d5\u06cc \u0695\u0627\u0633\u062a\u06d5\u0648\u062e\u06c6) \u0646\u06cc\u06cc\u06d5 \u06a9\u06d5 \u0633\u062a\u0631\u0627\u062a\u06cc\u062c\u06cc\u06cc \u06a9\u0627\u0631\u06cc \u0628\u06d5 \u0634\u06ce\u0648\u06d5\u06cc \u0647\u06d5\u0645\u06cc\u0634\u06d5\u06cc\u06cc \u0644\u06d5 \u0645\u0627\u0648\u06d5\u06cc \u062f\u0631\u06ce\u0698\u062f\u0627 \u0633\u06d5\u0631\u06a9\u06d5\u0648\u062a\u0648\u0648\u062a\u0631 \u0628\u06ce\u062a. \u062a\u06ce\u0628\u06cc\u0646\u06cc \u062f\u06d5\u06a9\u0627\u062a \u06a9\u06d5 \u06a9\u0627\u0631\u06d5\u06a9\u06d5 \u0644\u06d5 \u0645\u0627\u0648\u06d5\u06cc \u06a9\u0648\u0631\u062a\u062f\u0627 \u0628\u0627\u0634 \u062f\u06d5\u0686\u06ce\u062a \u06a9\u0627\u062a\u06ce\u06a9 \u062c\u0648\u06b5\u06d5\u06cc \u062f\u0631\u0627\u0648 \u0647\u0627\u0648\u0695\u0627\u0633\u062a\u06d5 \u0644\u06d5\u06af\u06d5\u06b5 \u067e\u06c6\u0632\u06cc\u0633\u06cc\u06c6\u0646 (Position: \u0626\u06d5\u0648 \u0626\u0627\u0631\u0627\u0633\u062a\u06d5\u06cc\u06d5\u06cc \u062a\u0631\u06cc\u062f\u06d5\u0631 \u062f\u06d5\u06af\u0631\u06ce\u062a\u06d5\u0648\u06d5\u2014\u06a9\u0695\u06cc\u0646 \u06cc\u0627\u0646 \u0641\u0631\u06c6\u0634\u062a\u0646).<\/p>\n<p>\u0632\u06cc\u0627\u062f \u062f\u06d5\u06a9\u0627\u062a \u06a9\u06d5 \u0633\u062a\u0631\u0627\u062a\u06cc\u062c\u06cc\u06cc \u06a9\u0627\u0631\u06cc \u0644\u06d5 \u0628\u0627\u0632\u0627\u0631\u06d5 \u06af\u06d5\u0634\u06d5\u0633\u06d5\u0646\u062f\u0648\u0648\u06d5\u06a9\u0627\u0646 (EM) \u0644\u06d5 \u0686\u06d5\u0646\u062f \u0633\u0627\u06b5\u06cc \u0695\u0627\u0628\u0631\u062f\u0648\u0648\u062f\u0627 \u0628\u0627\u0648\u0648\u062a\u0631 \u0628\u0648\u0648\u06d5. \u0626\u06cc\u0646\u062f\u06ce\u06a9\u0633\u06cc Bloomberg EM Carry Trade Index (\u0626\u0627\u0645\u06ce\u0631\u06cc \u067e\u06ce\u0648\u0627\u0646\u06d5\u06a9\u0631\u062f\u0646\u06cc \u0626\u06d5\u0646\u062c\u0627\u0645\u06cc \u0626\u06d5\u0645 \u0633\u062a\u0631\u0627\u062a\u06cc\u062c\u06cc\u06cc\u06d5 \u0644\u06d5 EM) \u0644\u06d5 \u0633\u06d5\u0631\u06d5\u062a\u0627\u06cc 2025\u06d5\u0648\u06d5 \u0626\u06d5\u0646\u062c\u0627\u0645\u06ce\u06a9\u06cc \u0632\u06c6\u0631 \u0628\u06d5\u0647\u06ce\u0632\u06cc \u062a\u06c6\u0645\u0627\u0631 \u06a9\u0631\u062f\u0648\u0648\u06d5.<\/p>\n<p>\u0626\u0627\u06af\u0627\u062f\u0627\u0631\u06cc \u062f\u06d5\u062f\u0627\u062a \u06a9\u06d5 \u06af\u06d5\u0695\u0627\u0646\u06d5\u0648\u06d5\u06cc \u062f\u0648\u0627\u06cc\u06cc\u0646 \u06a9\u0627\u0631\u06cc EM \u0632\u06c6\u0631\u0628\u06d5\u06cc \u0644\u06d5 \u062f\u0627\u0647\u0627\u062a\u06cc \u0633\u0648\u0648\u062f\u06d5\u0648\u06d5 \u0647\u0627\u062a\u0648\u0648\u06d5. \u062f\u06d5\u06b5\u06ce\u062a \u0628\u06d5\u0634\u06cc \u0646\u0631\u062e\u06cc \u062f\u0631\u0627\u0648 (Exchange-rate component: \u0628\u06d5\u0634\u06cc \u0642\u0627\u0632\u0627\u0646\u062c\/\u0632\u06cc\u0627\u0646 \u06a9\u06d5 \u0644\u06d5 \u06af\u06c6\u0695\u0627\u0646\u06cc \u0646\u0631\u062e\u06cc \u062f\u0631\u0627\u0648\u06d5\u0648\u06d5 \u062f\u06ce\u062a\u060c \u0646\u06d5\u06a9 \u0644\u06d5 \u0633\u0648\u0648\u062f) \u0647\u06ce\u0634\u062a\u0627 \u0644\u06d5 \u062f\u0648\u0627\u06cc \u0626\u06d5\u0646\u062c\u0627\u0645\u06d5 \u0644\u0627\u0648\u0627\u0632\u06d5\u06a9\u0627\u0646\u06cc 2024 \u062f\u06d5\u06af\u06d5\u0695\u06ce\u062a\u06d5\u0648\u06d5.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0633\u06d5\u0631\u0646\u062c\u0695\u0627\u06a9\u06ce\u0634: \u06a9\u0627\u0631\u06cc \u062a\u0631\u06cc\u062f \u0644\u06d5 G10 \u0648 EM \u0644\u06d5 \u0633\u06d5\u0631\u06d5\u062a\u0627\u06cc 2025 \u0642\u0627\u0632\u0627\u0646\u062c\u06cc \u06a9\u0627\u063a\u06d5\u0632\u06cc \u0628\u06d5\u0647\u06ce\u0632\u06cc \u0646\u06cc\u0634\u0627\u0646 \u062f\u0627\u060c \u0628\u06d5\u0647\u06c6\u06cc \u062c\u0648\u06b5\u06d5\u06cc \u062f\u0631\u0627\u0648 \u0648 \u0633\u0648\u0648\u062f\u06cc \u0628\u06d5\u0631\u0632. \u0628\u06d5\u06b5\u06af\u06d5 \u0646\u06cc\u06cc\u06d5 \u062f\u0631\u06ce\u0698\u062e\u0627\u06cc\u06d5\u0646 \u0628\u06ce\u062a\u061b EM \u0632\u06c6\u0631\u062a\u0631 \u0644\u06d5 \u0633\u0648\u0648\u062f\u06d5\u0648\u06d5 \u0647\u0627\u062a\u0648\u0648\u06d5.<\/p>\n","protected":false},"author":29,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-45084","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/posts\/45084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/comments?post=45084"}],"version-history":[{"count":0,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/posts\/45084\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/media?parent=45084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/categories?post=45084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/tags?post=45084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}