市场每周展望——美国服务业采购经理人指数、英格兰银行利率决定和加拿大/新西兰就业。本周以积极的风险基调拉开帷幕，围绕欧美贸易突破的头条新闻引发了全球市场的大幅上涨。因此，美元受到强劲买盘，欧元和日元在美国贸易地位改善和资本转向美元资产的情况下明显下跌。

Markets Weekly Outlook – US Services PMI, Bank of England Rate Decision and Canadian/NZ Employment.The week kicked off with a risk-positive tone as headlines around a Euro–US trade breakthrough triggered a sharp gap higher in global markets. As a result, the US Dollar caught a strong bid, with the Euro and Yen notably losing ground amid improving US trade positioning and capital rotation into USD assets.

尽管美国最近提高了关税，但CUSMA豁免仍然有效；加拿大就业形势趋于稳定。《国际紧急经济权力法案》（IEEPA）关税从25%提高到35%，但仍仅适用于不符合自由贸易CUSMA/USMCA的贸易部分。根据我们的计算，这一豁免使加拿大大部分出口产品能够免税进入美国市场，并且仍然有效。

CUSMA Exemption Holds Up Despite Latest U.S. Tariff Hike; Canada's Jobs to Show Stabilization.The International Emergency Economic Powers Act (IEEPA) tariff increased from 25% to 35%, but still only applies to the portion of trade that is not compliant with the free trade CUSMA/USMCA. That exemption is maintaining duty free access to the U.S. market for the majority of Canadian exports by our calculations, and remains in place.

美国7月份汽车总销量从之前的1530万辆增至1640万辆。美国7月份汽车总销量从之前的1530万辆增至1640万辆

United States Total Vehicle Sales up to 16.4M in July from previous 15.3M.United States Total Vehicle Sales up to 16.4M in July from previous 15.3M

巴西收紧信贷基金规则以限制银行风险。巴西最高经济政策机构国家货币委员会（CMN）周五批准了与该国信贷担保基金（FGC）相关的金融机构必须向该基金捐款的新规定。

Brazil tightens credit fund rules to limit bank risk-taking.Brazil's National Monetary Council (CMN), the country's top economic policy body, approved on Friday fresh rules for the contributions that financial institutions associated with the country's Credit Guarantee Fund (FGC) must make to the fund.