澳大利亚4月份零售额下降0.1%，受服装需求疲软影响。澳大利亚4月份零售额意外下降了-0.1%，低于0.3%的预期。与2024年4月相比，销售额每年增长3.8%/

Australia retail sales down -0.1% mom in April, weighed by weak clothing demand.Australia's retail sales turnover unexpectedly declined by -0.1% mom in April, missing expectations for a 0.3% mom rise. On an annual basis, sales were up 3.8% compared to April 2024/

周五，澳大利亚10年期政府债券收益率降至4.26%左右，触及两周多来的最低水平，投资者正在评估最新的经济数据。4月份零售额意外下降，原因是不合时宜的温暖天气——这减少了对冬季服装的需求——以及百货商店促销活动的减少，突显出消费者日益谨慎。本周早些时候，数据还显示，4月份的月度CPI略高于预期，尽管与前两个月持平，为2024年11月以来的最低水平。尽管借贷成本降低，通胀缓解，但家庭支出仍然疲软，4月份的数据表明第二季度开局疲软。这一持续疲软促使澳大利亚储备银行在2月份首次降息后，于本月早些时候将利率下调25个基点至3.85%。市场目前预计今年将至少再降息三次，这可能会使现金利率降至3.10%。

Australia’s 10-year government bond yield fell to around 4.26% on Friday, hitting its lowest level in over two weeks, as investors assessed the latest economic data. Retail sales unexpectedly declined in April, driven by unseasonably warm weather—which reduced demand for winter clothing—and fewer promotional events at department stores, highlighting growing consumer caution. Earlier this week, data also revealed that the monthly CPI came in slightly higher than expected in April, although it remained unchanged from the previous two months and marked the lowest level since November 2024. Despite lower borrowing costs and easing inflation, household spending remains subdued, with the April data suggesting a soft start to Q2. This persistent weakness prompted the RBA to cut interest rates by 25 bps to 3.85% earlier this month, after an initial rate cut in February. Markets are now pricing in at least three additional rate cuts this year, potentially bringing the cash rate down to 3.10%.

周五，澳元跌至0.642美元左右，本周将下跌1%以上，因为一系列令人失望的国内数据打压了投资者情绪。4月份零售额意外环比下降0.1%，与3月份0.3%的涨幅相反，3月份的涨幅也是普遍预测。此外，建筑许可证也意外下跌，加剧了人们对经济前景疲软的担忧。这些数据强化了人们的预期，即澳大利亚储备银行在上周降息25个基点后将保持其宽松倾向。政策制定者指出，美中贸易战带来的下行风险上升和通胀疲软是他们鸽派立场的关键驱动因素。在美国上诉法院恢复唐纳德·特朗普总统的互惠关税后，澳元也受到了额外的压力，推翻了之前联邦法院裁定其非法的裁决。

The Australian dollar slipped to around $0.642 on Friday and was poised to end the week over 1% lower, as a string of disappointing domestic data weighed on investor sentiment. Retail sales unexpectedly fell 0.1% month-on-month in April, reversing from a 0.3% gain in March which was also the consensus forecast. In addition, building permits also surprised to the downside, adding to concerns about a weakening economic outlook. The data reinforced expectations that the Reserve Bank of Australia will maintain its easing bias following last week’s 25 basis point rate cut. Policymakers have cited rising downside risks from the US-China trade war and softening inflation as key drivers of their dovish stance. The Aussie also came under additional pressure after a US appeals court reinstated President Donald Trump’s reciprocal tariffs, overturning a previous federal court decision that had ruled them unlawful.

由于4月份月度零售额下降，澳元仍然疲软。周五，澳元（AUD）兑美元（USD）小幅下跌，收复了前一交易日的近期涨幅。澳大利亚公布令人失望的经济数据后，澳元/美元仍然疲软。

Australian Dollar remains subdued as monthly Retail Sales fall in April.The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, retracing its recent gains from the previous session. The AUD/USD pair remains subdued following the release of disappointing economic data from Australia.