随着市场价格上涨，支出激增改变了澳大利亚储备银行的前景。10月份的支出激增颠覆了澳大利亚谨慎的第三季度叙事，助长了澳大利亚储备银行的加息押注，并推动澳元/美元进一步走高。虽然技术指标有利于澳元多头，但债券期货看起来很紧张，增加了挤压风险。

Spending surge flips RBA outlook as markets price hikes.October's spending surge has flipped the script on Australia's cautious Q3 narrative, fuelling RBA rate hike bets and driving AUD/USD even higher. While technicals favour Aussie bulls, bond futures look stretched, raising squeeze risk.

10月份，澳大利亚进口月环比从之前的1.1%攀升至2%。10月份，澳大利亚进口月环比从之前的1.1%攀升至2%

Australia Imports (MoM) climbed from previous 1.1% to 2% in October.Australia Imports (MoM) climbed from previous 1.1% to 2% in October

澳大利亚10月份出口月环比从之前的7.9%降至3.4%。澳大利亚10月份出口月环比从之前的7.9%降至3.4%

Australia Exports (MoM) fell from previous 7.9% to 3.4% in October.Australia Exports (MoM) fell from previous 7.9% to 3.4% in October

亚洲经济日历2025年12月4日星期四-澳大利亚贸易数据。我们今天从10月份的数据中获得了澳大利亚2025年第四季度贸易数据的初步迹象。虽然它们被标记为具有高度重要性，但我预计此次发布不会对澳元和其他澳大利亚市场产生太大影响。

Economic calendar in Asia Thursday, December 4, 2025 - Australian trade data.We get the first indications of Australian Q4 2025 trade data with the October numbers today. While they are marked as being of high importance I'm not expecting the release to impact too much on the AUD and other Australian markets.