周四，澳元跌至0.657美元左右，结束了连续三个交易日的涨势，受到贸易数据疲软的拖累。澳大利亚5月份的贸易顺差大幅收窄至22.4亿澳元，远低于50.9亿澳元的预期和4月份修订后的48.6亿澳元。这是近5年来最小的顺差，由于美国受关税影响的出口疲软，出口创下3个月新低。澳大利亚最大贸易伙伴中国的服务业采购经理人指数降至9个月低点，未达到预期，这增加了压力。与此同时，市场正在努力应对美国主导的贸易紧张局势加剧，因为围绕新的美越贸易协议的不确定性以及对将中国与关键供应链隔离开来的担忧日益加剧。与此同时，由于美联储降息押注增加，美元走弱，澳元损失有限，保持在8个月高点附近。投资者现在等待下周澳大利亚储备银行的决定，在增长疲软和通胀风险缓解的情况下，市场几乎肯定会降息。

The Australian dollar slipped to around $0.657 on Thursday, ending a three-session winning streak, weighed down by lackluster trade figures. Australia’s May trade surplus narrowed sharply to AUD 2.24 billion, well below expectations of AUD 5.09 billion and a revised AUD 4.86 billion in April. It was the smallest surplus in nearly 5 years, with exports hitting a 3-month low due to weaker US shipments affected by tariffs. Adding pressure, services PMI data from China, Australia’s top trading partner, fell to a 9-month low and missed forecasts. This came while markets grappled with rising US-led trade tensions, as uncertainty surrounds the new US-Vietnam trade deal and concerns grew over efforts to isolate China from key supply chains. Meanwhile, a weaker US dollar amid rising Fed rate cut bets, limited losses for the Aussie, keeping it near 8-month highs. Investors now await next week’s RBA decision, with markets nearly certain of a rate cut amid weak growth and easing inflation risks.