澳大利亚10年期政府债券收益率稳定在4.24%左右，投资者对最新的劳动力市场报告几乎没有反应。继4月份修正后增加87600个工作岗位后，经济在5月份减少了2500个工作岗位，而预测为增加25000个工作岗位。与此同时，失业率保持在4.1%，与预期相符。该报告对市场对澳大利亚储备银行放松货币政策的预期影响很小。市场目前预计，7月份降息25个基点的可能性为65%，与之前大致相同。在全球范围内，投资者评估了美联储保持利率稳定的决定，同时暗示未来降息步伐将放缓。美联储主席杰罗姆·鲍威尔还警告称，由于特朗普政府计划征收关税，未来几个月通货膨胀率将上升。在地缘政治方面，市场关注的是唐纳德·特朗普总统是否会让美国卷入不断升级的伊朗-以色列冲突。

Australia’s 10-year government bond yield held steady at around 4.24%, with investors showing little reaction to the latest labour market report. The economy shed 2,500 jobs in May, following a revised 87,600 increase in April and compared to forecasts of a 25,000 rise. Meanwhile, unemployment rate held at 4.1%, in line with expectations. The report had minimal impact on market expectations for monetary policy easing by the Reserve Bank of Australia. Markets are currently pricing in a 65% chance of a 25bps rate cut in July, more or less the same as before. Globally, investors assessed the US Federal Reserve’s decision to hold rates steady, while signaling a slower pace of future cuts. Fed Chair Jerome Powell also warned of higher inflation in the coming months due to the Trump administration's planned tariffs. On the geopolitical front, markets are focused on whether President Donald Trump would involve the US in the escalating Iran-Israel conflict.

澳元/日元在避险情绪下走软至94.00附近。周五亚洲交易时段，澳元/日元交叉盘将一些卖家吸引到94.00左右。在中东地缘政治紧张局势加剧之际，日元兑澳元走强。

AUD/JPY softens to near 94.00 amid risk-off sentiment.The AUD/JPY cross attracts some sellers to around 94.00 during the Asian trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid the rising geopolitical tensions in the Middle East.

周四，澳元跌至0.648美元左右，扭转了前一交易日的强劲涨势，此前劳动力市场指标的公布加强了澳大利亚储备银行放松货币政策的理由。尽管失业率稳定在4.1%，连续第三个月保持不变，符合市场预测，但就业数据令人失望。总就业人数下降2500人，至1462万人，超出了增加25000人的预期，这是自2月以来的首次月度下降。市场目前预计，澳大利亚储备银行在7月8日的会议上将关键利率从3.85%降至3.6%的可能性为80%，预计今年晚些时候还会再降息两次。从外部来看，在美联储的鹰派立场下，澳元也受到美元走强的压力。虽然美联储保持利率不变，但它保持了谨慎的数据驱动方法。

The Australian dollar fell to around $0.648 on Thursday, reversing strong gains from the previous session, following the release of labor market indicators that strengthened the case for the Reserve Bank of Australia to ease monetary policy. Although the unemployment rate remained steady at 4.1%—unchanged for the third consecutive month and in line with market forecasts—job figures disappointed. Total employment fell by 2,500 to 14.62 million, defying expectations of a 25,000 increase and marking the first monthly drop since February. Markets are now pricing in an 80% probability that the RBA will lower its key interest rate from 3.85% to 3.6% at its July 8 meeting, with two additional cuts anticipated later in the year. Externally, the Aussie dollar is also under pressure from a strengthening greenback amid the Federal Reserve’s hawkish stance. While the Fed kept interest rates on hold, it maintained a cautious, data-driven approach.

尽管5月就业人数下降，澳大利亚劳动力市场仍显示出弹性-回顾。澳大利亚5月份就业人数略有下降，总就业人数减少2500人，低于22500人的预期增长。然而，在4月份强劲之后，劳动力市场出现了下降，关键指标表明劳动力市场持续强劲。

Australia's labour market shows resilience despite May job dip - recap.Australian employment slipped slightly in May, with total jobs down 2,500, missing expectations for a 22,500 rise. However, the decline followed a strong April, and key indicators point to ongoing labour market strength.