美元/瑞郎 (USDCHF) 加自选

下周将作出重大货币政策决定，由于美国政府停摆，美联储联邦公开市场委员会将在没有通常数据的情况下召开会议。欧洲央行、日本银行和加拿大银行也在等待利率决定。由于政府停摆，美国经济数据的不确定性将被微软、苹果、Alphabet、Meta、亚马逊、Visa、万事达卡、联合健康、NextEra、礼来、艾伯维、埃克森美孚和雪佛龙等重要盈利业绩所抵消。还将关注美中两国总统特朗普和Xi的会晤。在其他地方，GDP数据来自欧元区成员国、墨西哥和韩国，而月度数据来自加拿大。此外，中国将公布其采购经理人指数（PMI）数据。此外，澳大利亚和欧元区也将公布通胀数据。

Next week will host major monetary policy decisions, with Federal Reserve’s FOMC heading into meeting without its usual data due to the US government shutdown. Rate decisions are also awaited by the European Central Bank, the Bank of Japan, and the Bank of Canada. Uncertainty around US economic releases due to the government shutdown will be offset by important earnings results including Microsoft, Apple, Alphabet, Meta, Amazon, Visa, Mastercard, UnitedHealth, NextEra, Eli Lilly, AbbVie, Exxon Mobil, and Chevron. Attention will also be on the meeting between US and Chinese Presidents Trump and Xi Jinping. Elsewhere, GDP figures are due from the Eurozone members, Mexico, and South Korea, while monthly figures are due from Canada. Also, China will release its PMI data. Additionally, an inflation print is due from Australia and the Eurozone.

密歇根大学对美国的消费者信心从9月份的初步55和55.1下调至2025年10月的53.6。这是五个月来的最低读数，当前状况（58.6比61）和预期指标（50.3比51.2）均下调。与此同时，未来一年的通胀预期从4.7%降至4.6%，与最初的估计一致。然而，5年展望从最初估计的3.7%和上个月的3.7%上调至3.9%。消费者调查总监Joanne Hsu表示：“目前的个人财务状况略有上升，而预期的个人财务却有所下降。总体而言，消费者认为上个月经济形势几乎没有实质性变化；通货膨胀和高物价仍然是消费者最关心的问题。本月几乎没有证据表明消费者将联邦政府停摆与经济联系起来”。

The University of Michigan consumer sentiment for the US was revised lower to 53.6 in October 2025 from a preliminary of 55 and 55.1 in September. It is the lowest reading in five months, with both current conditions (58.6 vs 61) and expectations gauge (50.3 vs 51.2) revised down. Meanwhile, inflation expectations for the year-ahead declined to 4.6% from 4.7%, in line with the first estimate. The 5-year outlook however, was revised up to 3.9% from 3.7% in the initial estimate and 3.7% in the previous month. "Current personal finances inched up, while expected personal finances receded. Overall, consumers perceive few material changes in economic circumstances from last month; inflation and high prices remain at the forefront of consumers’ minds. There was little evidence this month that consumers connect the federal government shutdown to the economy", according to Surveys of Consumers Director Joanne Hsu.

根据密歇根大学的调查，美国未来一年的通胀预期连续第二个月下降，从9月份的4.7%降至2025年10月的4.6%，证实了初步数据。与此同时，10月份五年通胀前景被上调至3.9%的四个月高点，而最初估计为3.7%。

The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, eased for the second month to 4.6% in October 2025, from 4.7% in September, confirming preliminary figures. Meanwhile, the five-year inflation outlook was revised higher to a four-month high of 3.9% in October, compared to the initial estimate of 3.7%.

美国密歇根州10月消费者信心指数为53.6，而预期为55.0。上个月密歇根州消费者信心为55.0，为53.6，而估计为55.0。当前状况为58.6，而上月预期为61.0，上月预期为50.3，而上月为51.2。

US Michigan consumer sentiment index for October 53.6 versus 55.0 estimate.Prior month 55.0 Michigan consumer sentiment 53.6 versus 55.0 estimate. Current conditions 58.6 versus 61.0 last month expectations 50.3 versus 51.2 last month.