9月30日:受美国经济增长强劲和利率预期上升提振,美元周三在欧元面前徘徊于年内高位附近,并有望创下14个月来对欧元单月最大涨幅。
Sept 30 : The dollar hovered near its highest level of the year against the euro on Wednesday and was on track for its biggest monthly gain versus the single currency in 14 months, buoyed by stronger US growth and rising interest-rate expectations.
受欧洲能源和债务问题拖累,欧元一直是今年表现最差的G10货币之一。9月份,美元兑欧元上涨近2.3%,有望实现连续第三个季度上涨。
The euro has been one of the worst-performing G10 currencies this year, pressured by Europe's energy and debt worries. The dollar has gained nearly 2.3 per cent against the euro in September, putting it on course for a third consecutive quarterly advance.
一系列数据表明美国经济具有韧性且通胀持续高位,促美联储本月早些时候三年来首次加息。随后,交易员开始计价美联储将采取比欧元区更积极的货币政策路径,而欧元区增长依然疲弱,债务问题日益突出。
A run of data pointing to a resilient US economy and persistent inflation prompted the Federal Reserve to raise interest rates earlier this month for the first time in three years. Traders subsequently priced in a more aggressive path for US monetary policy relative to the euro zone, where growth remains weaker and debt concerns are mounting.
纽约联储主席约翰·威廉姆斯表示,加息“无需操之过急”,同时法国数据也显示9月消费者通胀涨幅超过预期,周三市场对美联储激进加息的押注因此有所缓解。
Some of that hawkish Fed pricing eased on Wednesday after New York Fed President John Williams said there was "no need for urgency" in raising rates, while French data showed consumer inflation accelerated more than expected in September.
欧元小幅升至1.135美元,但仍接近前一交易日触及的2025年5月低点,同时也在测试178日元附近的关键支撑位。
The euro edged up to $1.135 but remained close to the May 2025 low touched in the previous session. It was also testing support near 178 yen.
德国商业银行外汇分析师阮春兰表示:“我仍认为当前美元的强势相当脆弱,尤其是考虑到即便相对于欧美利差的变化而言,美元似乎也已涨幅过度。”
"I would still regard the current dollar strength as rather fragile, not least because it already appears over-stretched even relative to developments in the euro area-US interest rate differential," said Thu Lan Nguyen, an FX analyst at Commerzbank.
影响欧元走势的关键因素将是市场对美联储和欧洲央行政策的预期。本周早些时候,欧洲央行行长克里斯蒂娜·拉加德的言论,被视为是在反驳连续加息的可能性。
Key drivers for the euro will be expectations for Federal Reserve and European Central Bank policy. ECB President Christine Lagarde's comments earlier this week were seen as pushing back against the prospect of consecutive rate hikes.
近日,期权市场越来越反映出投资者对防范欧元进一步走弱的需求。数据聚焦英镑从三个月低点小幅回升,数据公布显示英国经济第二季度增速高于此前估计,盘中最新报1.3265美元。
Options markets have increasingly reflected demand for protection against further euro weakness in recent sessions. DATA IN SPOTLIGHT Sterling edged up from a three-month low and was last at $1.3265 after data showed the British economy grew faster than previously estimated in the second quarter.
投资者正在等待大西洋两岸的经济数据,包括德国9月通胀数据,以及美联储首选通胀指标——8月个人消费支出指数。
Investors are awaiting economic data on both sides of the Atlantic, including German inflation figures for September and the Fed's preferred inflation measure, the Personal Consumption Expenditures index, for August.
据CME Group的FedWatch工具显示,交易员已将美联储下个月加息25个基点的预期从本周早些时候的约70%下调至约44%。LSEG数据显示,市场还预计欧洲央行将在10月维持利率不变。
Traders have cut expectations for a 25-basis-point Fed rate increase next month to about 44 per cent, from around 70 per cent earlier this week, according to CME Group's FedWatch tool. Markets also expect the ECB to keep rates unchanged in October, according to LSEG data.
本月美元对多数主要货币走强,受美国国债收益率升至多年高位支撑。
The dollar has strengthened against most major currencies this month, supported by Treasury yields that have climbed to multi-year highs.
美元兑瑞郎在17个月高点附近交易,报0.8333瑞郎。随着投资者为套息交易寻找日元之外的低收益率融资货币,瑞郎承压。
It was trading near a 17-month high against the Swiss franc at 0.8333 francs. The franc has come under pressure as investors seek alternative low-yielding funding currencies to the yen for carry trades.
日本7月买入日元的干预行动、日本当局多次警告不要出现过度汇率波动,以及日本国内加息步伐加快,使日元作为融资货币的吸引力有所下降。9月美元兑日元下跌1.7%,第三季度跌幅接近3.4%。
The yen has become a less attractive funding currency following Japan's yen-buying intervention in July, repeated warnings from Japanese authorities against excessive currency moves, and an acceleration in domestic rate hikes. The dollar has fallen 1.7 per cent against the yen in September and nearly 3.4 per cent over the third quarter.