欧元/美元、美元/日元和澳元/美元预测——美元继续来回震荡。美元继续出现大量嘈杂的交易，因为它在周三开盘时表现强劲，但此后已经回吐了一些涨幅。在这个时间点上，市场继续看到很多关于美国经济的问题。

EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Continues to See Noisy Back and Forth.The US dollar continues to see a lot of noisy trading, as it was strong at the start of the Wednesday session but has since given back some of those gains. At this point in time, the market continues to see a lot of questions asked about the US economy.

澳大利亚10年期政府债券收益率稳定在4.24%左右，此前美国财政部长斯科特·贝森特对缓和与中国的贸易紧张局势表示乐观，称目前的关税是不可持续的，市场情绪有所改善。唐纳德·特朗普总统后来表示，如果北京同意达成贸易协议，与澳大利亚最大贸易伙伴中国的关税将大幅下降。与此同时，特朗普放弃了早些时候解雇美联储主席杰罗姆·鲍威尔的威胁，缓解了人们对美联储独立性的担忧。与此同时，在国内方面，市场仍暗示澳大利亚储备银行将在5月份降息25个基点，但放弃了更大幅度的0.5个基点的定价。在经济新闻方面，澳大利亚私营部门的增长在4月份略有放缓，但连续第七个月保持扩张态势，这得益于制造业和服务业的持续强劲。

Australia’s 10-year government bond yield held steady around 4.24% amid improved sentiment after U.S. Treasury Secretary Scott Bessent expressed optimism about de-escalating trade tensions with China, saying current tariffs are unsustainable. President Donald Trump later said that tariff rates with China, Australia’s top trading partner, would come down substantially if Beijing agrees to a trade deal. Simultaneously, Trump backed down from earlier threats to dismiss Fed Chair Jerome Powell, easing concerns over the U.S. central bank's independence. Meanwhile, on the domestic front, markets still implied the Reserve Bank of Australia would deliver a 25bps rate cut in May, but abandoned pricing for a larger half-point move. In economic news, Australia’s private sector growth slowed slightly in April but remained in expansion territory for a seventh straight month, supported by continued strength in both manufacturing and services sectors.

澳大利亚PMI综合指数降至51.4，成本压力显现。澳大利亚4月PMI数据显示，私营部门继续扩张，尽管速度较慢，制造业PMI从52.1降至51.7，服务业PMI从51.6降至51.4。综合采购经理人指数也从51.6微降至51.4。

Australia's PMI composite dips to 51.4, cost pressures emerge.Australia's flash PMI data for April showed continued, albeit slower, expansion in the private sector, with Manufacturing PMI slipping from 52.1 to 51.7 and Services PMI easing from 51.6 to 51.4. The Composite PMI also declined slightly from 51.6 to 51.4.

周三，澳元攀升至0.64美元左右，从前一交易日的下跌中反弹，因为美中贸易紧张局势缓解的迹象提振了市场情绪。美国财政部长斯科特·贝森特周二表示，目前的美中关税僵局是“不可持续的”，这增加了潜在降级的希望。虽然他警告称，正式谈判尚未开始，并警告称这一过程可能会“艰难”，但这些言论有助于改善市场情绪。当天晚些时候，唐纳德·特朗普总统进一步向投资者保证，他没有计划罢免美联储主席杰罗姆·鲍威尔，缓解了人们对央行独立性的担忧。在国内，澳元也受到乐观经济数据的支撑。4月数据显示，在制造业和服务业强劲增长的推动下，私营部门活动连续第七个月扩大。

The Australian dollar climbed to around $0.64 on Wednesday, rebounding from the previous session’s losses as signs of easing US-China trade tensions lifted market sentiment. US Treasury Secretary Scott Bessent on Tuesday signaled that the current US-China tariff standoff is “unsustainable,” raising hopes of a potential de-escalation. While he cautioned that formal negotiations had not yet begun and warned the process would likely be a “slog,” the remarks helped improve market sentiment. President Donald Trump further reassured investors later in the day by stating he has no plans to remove Federal Reserve Chair Jerome Powell, easing fears around central bank independence. Domestically, the Australian dollar was also supported by upbeat economic data. April figures showed private sector activity expanded for the seventh consecutive month, driven by strong gains in both manufacturing and services sectors.