亚洲股市复苏，美元走软，美联储削减赌注重新成为焦点。周三，亚洲股市出现试探性反弹，这得益于美联储主席杰罗姆·鲍威尔的鸽派言论和华尔街乐观的银行盈利，尽管美中贸易紧张局势的加剧抑制了风险偏好。

Asia shares recover, dollar eases as Fed cut bets reclaim spotlight.Asian stocks staged a tentative rebound on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering U.S.-China trade tensions kept a lid on risk appetite.

周三，美元指数跌至99以下，连续第二个交易日下跌，此前美联储主席杰罗姆·鲍威尔的讲话强调了劳动力市场疲软，强化了对进一步降息的预期。持续的联邦政府停摆阻碍了关键经济数据的发布，也给经济前景蒙上了阴影，进一步给货币带来了压力。目前，市场几乎完全消化了本月再次降息25个基点的预期，12月将再次降息，明年将再降息三次。美元也受到美中贸易紧张局势升级的压力，此前唐纳德·特朗普总统威胁要对中国实施食用油禁运，以报复北京的大豆抵制。与此同时，在法国提议暂停重大养老金改革后，欧元上涨，而随着交易员解除“高一交易”，日元走强

The dollar index slipped below 99 on Wednesday, falling for the second straight session after Federal Reserve Chair Jerome Powell’s remarks highlighting a weakening labor market reinforced expectations for further interest rate cuts. The ongoing federal government shutdown which has prevented the release of crucial economic data also clouded the economic outlook, pressuring the currency further. Currently, markets are nearly fully priced in for another quarter-point rate cut this month, with an additional reduction seen in December, followed by three more next year. The dollar also came under pressure from escalating US-China trade tensions after President Donald Trump threatened China with a cooking oil embargo in retaliation for Beijing’s soybean boycott. Meanwhile, the euro advanced after France proposed suspending major pension reforms, while the yen strengthened as traders unwound the “Takaichi trade.”

随着就业下行风险上升，美联储的鲍威尔继续维持10月份的降息。美联储主席杰罗姆·鲍威尔强化了本月晚些时候再次降息的预期。一夜之间，他说，尽管政府关门，但根据现有信息，增长、就业和通货膨胀的前景“没有太大变化”。

Fed's Powell keeps October cut alive as downside risks to jobs rise.Fed Chair Jerome Powell reinforced expectations for another rate cut later this month. Speaking overnight, he said that based on available information despite government shutdown, the outlook for growth, employment, and inflation “has not changed much.

唐纳德·特朗普总统周二宣布，美国正在考虑结束与中国的某些贸易关系，特别是涉及食用油的贸易关系，以回应他所谓的对美国农民的经济敌意。在Truth Social的一篇帖子中，特朗普指责北京故意减少从美国购买大豆，并表示：“我认为中国故意不购买我们的大豆，给我们的大豆种植者带来困难，是一种经济敌对行为。”他补充说：“我们正在考虑终止与中国在食用油和其他贸易要素方面的业务，作为报复。”中国是世界上最大的大豆买家，最近在持续的关税紧张局势下将其采购转移到巴西和阿根廷。特朗普将此举视为一种谈判策略，并警告美国可能会进行更有力的报复。

President Donald Trump announced Tuesday that the U.S. is considering ending certain trade ties with China, specifically involving cooking oil, in response to what he called economic hostility toward American farmers. In a Truth Social post, Trump accused Beijing of deliberately reducing soybean purchases from the U.S., stating: “I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act.” He added, “We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution.” China, the world’s largest soybean buyer, has recently shifted its sourcing to Brazil and Argentina amid ongoing tariff tensions. Trump views this move as a negotiation tactic and warned that the U.S. could retaliate more forcefully.