澳大利亚10年期政府债券收益率降至4.41%左右，因为越来越多的人预计澳大利亚储备银行将于本月晚些时候开始降息。市场定价意味着，央行在2月18日开会时将4.35%的现金利率下调25个基点的可能性为95%。在经济数据方面，最终数据显示，1月份澳大利亚私营部门活动继续增长，服务业活动增长达到五个月来的最高点，制造业恢复扩张。投资者现在等待周四公布的12月贸易数据，以衡量该国出口导向型经济的健康状况。与此同时，市场仍关注美中贸易战的发展。

Australia’s 10-year government bond yield dropped to around 4.41% amid growing expectations that the Reserve Bank of Australia will begin cutting interest rates later this month. Market pricing implies a 95% chance that the central bank will lower its 4.35% cash rate by 25bps when it meets on February 18. On the economic data front, final figures showed that Australia’s private sector activity continued to rise in January, with services activity growth reaching a five-month high and the manufacturing sector returning to expansion. Investors now await December's trade figures, due on Thursday, to gauge the health of the nation’s export-driven economy. Meanwhile, markets remain focused on developments in U.S.-China trade war.

周三，澳元兑美元汇率在0.625美元左右，保持了最近的反弹，因为美国和中国之间不断升级的贸易紧张局势没有预期的那么严重。美国对中国商品征收10%的关税于周二生效，促使北京对美国进口商品征收关税进行报复，尽管反应相对温和。特朗普和Xi也将在即将到来的电话会议上讨论这一局势，这让人们对避免进一步升级和扭转关税产生了希望。在澳大利亚，投资者正在等待周四公布的12月贸易数据，以评估该国出口导向型经济的健康状况。随着通货膨胀的缓解和经济活动放缓的迹象出现，市场情绪越来越倾向于澳大利亚储备银行本月可能降息的预期。

The Australian dollar traded around $0.625 on Wednesday, maintaining its recent rebound as escalating trade tensions between the US and China proved less severe than expected. The 10% US tariffs on Chinese goods took effect on Tuesday, prompting Beijing to retaliate with its own levies on US imports, though the response has been relatively mild. Trump and Xi Jinping are also set to discuss the situation in an upcoming phone call, raising hopes that further escalation could be avoided and tariffs might be reversed. In Australia, investors are awaiting December trade figures, due for release on Thursday, to assess the health of the nation’s export-driven economy. Market sentiment is increasingly leaning toward expectations that the Reserve Bank of Australia may cut interest rates this month, as inflation eases and signs of slowing economic activity emerge.

标准普尔/澳交所200指数周三上涨0.5%，超过8420点，收复了本周早些时候的一些失地，这得益于华尔街的强劲表现，美国科技股领涨。随着美国及其贸易伙伴在关税问题上基本采取谨慎态度，全球贸易紧张局势的情绪也有所改善。在澳大利亚，投资者正在等待定于周四公布的12月贸易数据，以评估该国出口导向型经济的健康状况。矿业和能源股涨幅最大，必和必拓集团上涨1.7%，Fortescue上涨3.4%，Woodside energy上涨1.8%。在企业新闻方面，Insignia Financial股价上涨6.5%，此前该金融服务公司收到布鲁克菲尔德30.7亿澳元的收购要约。

The S&P/ASX 200 Index climbed 0.5% to surpass 8,420 on Wednesday, recovering some losses from earlier in the week, fueled by a strong performance on Wall Street where US technology stocks led the rally. Sentiment around global trade tensions also improved, as the US and its trading partners have largely taken a cautious approach to tariffs. In Australia, investors are awaiting December trade figures, set for release on Thursday, to assess the health of the nation’s export-driven economy. Mining and energy stocks saw the biggest gains, with BHP Group rising 1.7%, Fortescue up 3.4%, and Woodside Energy gaining 1.8%. In corporate news, Insignia Financial jumped 6.5% after the financial services firm received a A$3.07 billion takeover offer from Brookfield.

澳元小幅下跌，因对美中贸易战的担忧加剧。由于对美中贸易紧张局势的担忧加剧，风险规避情绪加剧，澳元兑美元小幅下跌。澳元/美元未能从周三公布的改善的柔道银行采购经理人指数（PMI）中获得支撑。

Australian Dollar edges lower amid rising fears over US-China trade war.The Australian Dollar (AUD) edges lower against the US Dollar (USD) amid an increased risk aversion following rising fears over US-China trade tensions. The AUD/USD pair failed to draw support from the improved Judo Bank Purchasing Managers Index (PMI) released on Wednesday.