即便“海湖庄园协议”不确定，但市场已经“提前布局”？

Group 1 - Nomura Securities believes that even without a formal "Mar-a-Lago Agreement," the market may be betting on a depreciation of the dollar [1] - The dollar index has decreased from around 110 to 104.28 this year, representing a decline of approximately 5.2% [1] - Historical analysis shows that prior to significant policy agreements, markets often react in advance, as seen with the Plaza Accord in 1985 where the dollar index fell about 15% in the seven months leading up to the agreement [4] Group 2 - The lack of political unity among major countries and the slow recovery of most major economies, except Japan, contribute to the current market sentiment [5] - Concerns about the depreciation of the dollar may lead foreign investors to hedge against currency risks or sell U.S. assets [10] - Changes in market sentiment could drive capital outflows, particularly as foreign investors seek safer investment channels [8][10]