澳元/人民币 (AUDCNY) 加自选

标准普尔/澳交所200指数周三上涨0.7%，收于8737点，延续了前一交易日的涨幅，矿业和能源股领涨。在美国总统特朗普与日本达成贸易协议后，市场情绪得到提振，而美中贸易谈判在8月12日最后期限之前加强。在当地，最新数据显示，西太平洋银行领先指数在6月份放缓至0.03%，反映出由于大宗商品价格疲软和工作时间减少，势头减弱。现在的焦点转移到今天晚些时候公布的PMI数据，以了解7月份的商业状况。在企业新闻方面，能源股连续第五个交易日延续涨势，伍德赛德能源在第二季度强劲销售后上涨1.6%，至近一个月高点。交易员对路易斯安那液化天然气交易降低的风险反应积极。矿业板块也上涨1%，达到9个月高点，必和必拓（0.8%）、力拓（1%）和Fortescue（2.3%）均创下数月新高，这得益于中国宣布建造世界上最大的水电站大坝计划后，大宗商品需求的强劲。

The S&P/ASX 200 rose 0.7% to close at 8,737 on Wednesday, extending gains from the previous session, led by mining and energy stocks. Market sentiment was lifted after US President Trump struck a trade deal with Japan, while US–China trade talks intensified ahead of the August 12 deadline. Locally, latest data showed Westpac Leading Index slowed to 0.03% in June, reflecting weaker momentum due to softer commodity prices and reduced work hours. Focus now shifts to PMI data due later today for insight into July’s business conditions. In corporate news, energy stocks extended gains for a fifth session, with Woodside Energy up 1.6% to a near 1-month high after strong Q2 sales. Traders reacted positively to its reduced risk from the Louisiana LNG deal. The mining sector also rose 1% to a 9-month high, with BHP (0.8%), Rio Tinto (1%), and Fortescue (2.3%) all hitting multi-month highs, supported by stronger commodity demand after China announced plans for the world’s largest hydropower dam.

周三，随着投资者评估美中贸易谈判的最新进展，中国10年期政府债券收益率跃升至1.71%左右，连续第四个交易日上涨。美国财政部长斯科特·贝森特最近宣布，华盛顿和北京的官员将于下周在斯德哥尔摩举行第三轮高级别会谈，重点是确保将目前贸易紧张局势的暂停延长到8月中旬以后。作为东道国领导人，瑞典首相乌尔夫·克里斯特尔森对即将举行的会谈表示欢迎。在一个相关的事态发展中，中国大使馆发言人证实，双方已经敲定了特朗普总统和Xi之间先前协议的实施细节。投资者现在正将注意力转向将于本周末发布的中国即将公布的工业利润数据，以更深入地了解国内企业如何应对持续的关税压力。

China’s 10-year government bond yield jumped to around 1.71% on Wednesday, marking its fourth consecutive session of gains, as investors assessed the latest developments in US-China trade negotiations. US Treasury Secretary Scott Bessent recently announced that officials from Washington and Beijing will convene in Stockholm next week for a third round of high-level talks, focusing on securing an extension of the current pause in trade tensions beyond mid-August. As host nation leader, Swedish Prime Minister Ulf Kristersson welcomed the upcoming talks. In a related development, a spokesperson from the Chinese embassy confirmed that both parties have finalized the implementation details of a prior agreement between Presidents Trump and Xi Jinping. Investors are now turning their attention to China’s upcoming industrial profits data, set to be released this weekend, for deeper insight into how domestic companies are weathering the ongoing strain of tariff pressures.

澳大利亚10年期政府债券收益率稳定在4.29%，停止了两天的下跌，因为投资者权衡了贸易发展的进展。唐纳德·特朗普总统宣布与日本达成贸易协议，包括对所有进口日本商品征收15%的关税，低于拟议的25%，这有助于缓解人们对贸易紧张局势加剧的担忧。在国内方面，澳大利亚储备银行7月份会议的纪要显示了7月份的谨慎立场，大多数成员认为，在四次会议上进行三次降息与其谨慎渐进的宽松战略不一致。相反，他们更愿意等待通胀持续放缓的更多证据。尽管如此，市场预计8月份降息的可能性接近100%，到年底，利率将触底至3.10%。投资者将密切关注澳大利亚储备银行行长米歇尔·布洛克周四的演讲，以获取有关政策前景的进一步线索，以及PMI预览数据，以获取对经济势头的新见解。

Australia’s 10-year government bond yield held steady at 4.29%, halting a two-day decline as investors weighed progress on trade developments. President Donald Trump announced a trade deal with Japan—including a 15% tariff on all imported Japanese goods, down from a proposed 25%—helping to allay fears of heightened trade tensions. On the domestic front, minutes from the Reserve Bank of Australia's July meeting showed a cautious stance in July, with most members arguing three cuts in four meetings was inconsistent with its strategy of easing in a cautious and gradual manner. Instead, they preferred to wait for more evidence of a sustained slowdown in inflation. Still, markets are pricing in nearly a 100% chance of a rate cut in August, with rates seen bottoming at 3.10% by year-end. Investors will be closely watching a speech by RBA Governor Michele Bullock on Thursday for further clues on policy outlook, as well as flash PMI readings for fresh insights into economic momentum.

周三，离岸人民币微涨至约7.16元兑1美元，触及两周多来的最高水平，投资者密切关注美中贸易关系的发展。周二，美国财政部长斯科特·贝森特宣布，美国和中国官员将于下周在斯德哥尔摩举行第三轮高级别会谈，此前他最近在日内瓦和伦敦与中国副总理何立峰进行了面对面的会谈，旨在就可能将目前贸易紧张局势的暂停延长至8月中旬以后进行谈判。正在进行的讨论旨在制定一项临时贸易休战协议，以缓解日益加剧的关税僵局中的紧张局势，两国已经征收了高达三位数的关税，并引发了对双边贸易严重中断的担忧。从外部来看，在特朗普总统在即将到来的关税最后期限之前宣布与日本达成贸易协议后，人民币的升值也得到了美元疲软的支持。

The offshore yuan edged higher to around 7.16 per dollar on Wednesday, hitting its highest level in over two weeks, as investors kept a close eye on developments in US-China trade relations. On Tuesday, US Treasury Secretary Scott Bessent announced that American and Chinese officials will meet in Stockholm next week for a third round of high-level talks, following his recent in-person meetings with Chinese Vice Premier He Lifeng in Geneva and London, aimed at negotiating a likely extension of the current pause in trade tensions beyond mid-August. The ongoing discussions aim to craft a provisional trade truce designed to ease tensions in the intensifying tariff standoff, which has already seen both nations impose steep, triple-digit duties and sparked fears of a severe disruption to bilateral trade. Externally, the yuan's appreciation was also supported by a weaker greenback, after President Trump's announcement of a trade agreement with Japan ahead of a looming tariff deadline.