澳元上涨，澳大利亚7月CPI抑制了澳大利亚储备银行放松政策的希望，但涨幅有限。澳大利亚7月份的CPI报告出人意料地大幅上涨，有效地影响了澳大利亚储备银行的降息预期，并引发了澳元的大幅反弹。看看！

AUD Jumps As Australia's July CPI Dampened RBA Easing Hopes, But Gains Limited.The Land Down Under's July CPI report surprised strongly to the upside, effectively weighing on RBA rate cut expectations and triggering a sharp AUD rally. Take a look!

周三，澳元稳定在0.650美元左右，停止了前一交易日的上涨，因为投资者消化了包括强于预期的通胀印刷在内的新数据。数据显示，7月份消费者价格同比上涨2.8%，高于6月份的1.9%，也高于市场预测的2.3%。此外，核心指标有所回升，削减后的平均值从2.1%上升到2.7%，不包括波动性项目和假日旅行的通货膨胀率从2.5%上升到3.2%。已完成的建筑工程也意外上涨，第二季度上涨3%，而预期为0.8%，而西太平洋银行领先指数在7月份小幅上涨0.1%，表明增长缓慢，复苏缓慢，直至2026年。尽管如此，随着美元收复失地，澳元仍面临压力，而在美国总统特朗普威胁称，如果北京限制磁铁出口，将对中国商品征收200%的关税后，全球情绪保持谨慎。尽管CPI系列波动，市场仍相信澳大利亚储备银行将在11月降息。

The Australian dollar held steady to around $0.650 on Wednesday, halting gains from the previous session, as investors digested fresh data including stronger-than-expected inflation print. Data showed consumer prices jumped 2.8% year-on-year in July, up from 1.9% in June and above market forecasts of 2.3%. Additionally, core measures picked up, with the trimmed mean rising to 2.7% from 2.1% and inflation excluding volatile items and holiday travel climbing to 3.2% from 2.5%. Construction work done, also surprised to the upside, rising 3% in Q2 against expectations of 0.8%, while the Westpac Leading Index edged up 0.1% in July, pointing to sluggish growth and a slow recovery into 2026. Still, the Aussie faced pressure as the US dollar regained ground, while global sentiment stayed cautious after US President Trump threatened 200% tariffs on Chinese goods if Beijing restricted magnet exports. Markets remain confident the RBA will cut rates in November despite the volatile CPI series.

周三，澳大利亚10年期政府债券收益率升至4.33%，接近三周多来的最高水平，因为高于预期的月度通胀数据使储备银行的前进道路变得更加复杂。7月份，整体通胀率从6月份的1.9%加速至2.8%的一年高点，高于市场预期的2.3%，主要原因是电力成本上涨。基本通胀率也从上个月的2.1%升至2.7%，为三个月来的最高水平。就在一天前，澳大利亚储备银行发布了最新会议纪要，重申只要通胀继续按照其预测缓解，央行对进一步降息持开放态度。然而，今天的数据令人怀疑澳大利亚储备银行何时能够推进货币宽松政策。即便如此，市场仍然相信11月可能会恢复降息。

Australia’s 10-year government bond yield rose to 4.33% on Wednesday, approaching its highest level in over three weeks, as higher-than-expected monthly inflation data complicates the path forward for the Reserve Bank. Headline inflation accelerated to a one-year high of 2.8% in July, from 1.9% in June and above market expectations of 2.3%, driven mainly by higher electricity costs. Underlying inflation also rose to 2.7%, the highest in three months, from 2.1% in the previous month. The data comes just a day after the release of the RBA’s latest meeting minutes, which reiterated the central bank’s openness to further interest rate cuts, provided inflation continued to ease in line with its forecasts. However, today’s data cast doubts on how soon the RBA can move forward with monetary easing. Even so, markets remain confident that rate cuts could resume in November.

澳大利亚CPI跃升至2.8%，为一年来最高，排除了9月份澳大利亚储备银行降息的可能性。澳大利亚7月份的月度CPI同比飙升至2.8%，远高于2.3%的预期，较6月份的1.9%大幅上升。这是自2024年7月以来的最高年通货膨胀率，打破了几个月来缓解的价格压力。

Australia CPI jumps to 2.8%, highest in a year, rules out September RBA cut.Australia's monthly CPI spiked to 2.8% yoy in July, well above expectations of 2.3% yoy and up sharply from 1.9% yoy in June. It was the highest annual inflation rate since July 2024, breaking several months of easing price pressures.