周二，新西兰元在0.565美元左右仍然疲软，在假日周交易清淡。新西兰元相对保持在两年低点附近，受到新西兰储备银行进一步宽松货币政策预期的压力。上周，新西兰经济在上一季度修正后下降1.1%后，在9月份季度环比收缩了1%。这比市场预期的0.4%的收缩更糟糕，正式将该国推入衰退。出乎意料的疲软经济数据导致投资者完全消化了新西兰联储2月份降息50个基点的影响。周一，在有利的通胀数据支持了美联储进一步降息的预期后，美元小幅宽松短暂支撑了人民币汇率。

The New Zealand dollar remained weak around $0.565 on Tuesday, trading thinly amid the holiday week. The Kiwi dollar stayed relatively near a two-year low, pressured by expectations of further monetary easing from the Reserve Bank of New Zealand. Last week, New Zealand's economy contracted by 1% quarter-on-quarter in the September quarter, following a revised 1.1% decline in the previous period. This was worse than the market's expected 0.4% contraction, officially pushing the country into recession. The unexpectedly weak economic data has led investors to fully price in a 50 basis point rate cut by the RBNZ in February. On Monday, the currency briefly found support from a slight easing in the US dollar, after favorable inflation data supported expectations for more rate cuts by the Federal Reserve.

周二，布伦特原油期货价格上涨至每桶73美元，在假期前交易清淡的情况下扭转了前一交易日的跌幅。美国最新数据显示，关键消费国的经济在年底前保持强劲，石油找到了支撑。此外，11月印度原油进口量同比增长2.6%，达到1907万吨，这得益于经济和旅游活动不断增长的强劲需求。然而，对明年潜在供应过剩的担忧使价格承压。欧洲的供应担忧也有所缓解，此前有报道称，在俄罗斯一个泵站出现技术问题后，德鲁日巴管道恢复了运营。与此同时，美元走强对以美元计价的大宗商品造成了压力，亚洲最大的炼油商中石化最近的评论预测中国的石油消费量将在2027年达到峰值，这进一步增加了压力。

Brent crude oil futures rose toward $73 per barrel on Tuesday, reversing losses from the previous session amid thin pre-holiday trading. Oil found support after fresh US data indicated that the economy of the key consumer remained strong heading into the year-end. Additionally, India's crude oil imports increased 2.6% year-on-year to 19.07 million metric tons in November, driven by strong demand amid rising economic and travel activity. However, concerns about potential oversupply next year kept prices under pressure. European supply fears also eased after reports that the Druzhba pipeline resumed operations following technical issues at a Russian pumping station. At the same time, a stronger US dollar weighed on the dollar-denominated commodity, and recent comments from Asia’s top refiner, Sinopec, projecting China’s oil consumption to peak in 2027, added further pressure.

周二，黄金价格在假期交易疲软的情况下上涨至每盎司2610美元以上。投资者继续评估美联储明年的前景，考虑到在美联储表示减少降息后，2025年加息速度放缓。然而，这一观点受到了低于预期的美国个人消费支出通胀的挑战，这表明有可能进一步降息，这有利于无收益的黄金。与此同时，世界黄金协会报告称，央行需求强劲，强化了黄金作为避险资产的地位，央行在15年多的时间里一直是净买家。受央行买入、地缘政治紧张局势和主要银行放松政策的推动，金价今年有望飙升27%，创下2010年以来的最佳表现。

Gold rose above $2,610 per ounce on Tuesday amid subdued holiday-season trading. Investors continued to assess the Federal Reserve’s outlook for next year, factoring in a slower pace of rate hikes in 2025 after the Fed signaled fewer reductions. However, this view was challenged by softer-than-expected US PCE inflation, suggesting the possibility of more rate cuts, which benefits a non-yielding gold. Meanwhile, the World Gold Council reported strong central bank demand, reinforcing gold's status as a safe-haven asset, with central banks as net buyers for over 15 years. The metal is on track for a 27% surge this year, heading for its best performance since 2010, driven by central bank buying, geopolitical tensions, and easing by major banks.

美国国债收益率上升，卢比徘徊在历史低点附近。周二，印度卢比可能开盘接近历史最低点，并继续以温和的贬值倾向进行交易，受到美国债券收益率上升的压力，交易员预计国内央行将进行干预，以遏制大幅下跌。

Rupee to hover near record low amid rise in US Treasury yields.The Indian rupee may open near its all-time low on Tuesday and continue to trade with a mild depreciation bias, pressured by a rise in U.S. bond yields, with traders expecting the domestic central bank to intervene to keep a lid on sharp declines.

澳大利亚储备银行12月政策会议纪要显示，澳大利亚的通胀风险有所缓解，但不确定性依然存在，特别是在全球经济状况和持续的服务业通胀方面。它补充说，在成员国确信通货膨胀正在可持续地恢复到2-3%的目标之前，货币政策需要保持足够的限制性。潜在通胀率仍高达3-1/2%左右，远高于目标的2-1/2%中点。董事会强调了未来利率决策的数据驱动方法，重申将通胀恢复到目标水平是首要任务。在国内方面，2024年第三季度经济产出增长疲软。虽然最近的数据显示10月和11月的消费有所回升，但现在确定这是反映了持续复苏还是临时的节前支出还为时过早。他们强调，消费支出的趋势将对GDP增长和劳动力市场的发展至关重要。

Inflation risks in Australia have eased, but uncertainties persist, particularly regarding global economic conditions and persistent services inflation, minutes from the Reserve Bank's December policy meeting showed. It added that monetary policy would need to remain sufficiently restrictive until members are confident that inflation is sustainably returning to the 2–3% target. Underlying inflation remains elevated at around 3-1/2%, well above the 2-1/2% midpoint of the goal. The board stressed a data-driven approach to future rate decisions, reaffirming that returning inflation to target is the top priority. On the domestic front, economic output growth was weak in Q3 2024. While recent data indicated a pick-up in consumption in October and November, it is too early to determine whether this reflects a sustained recovery or temporary pre-holiday spending. They emphasized that trends in consumer spending will be pivotal for GDP growth and labor market developments moving forward.

由于对日本央行加息计划的怀疑，日元仍然脆弱。周二，日元（JPY）连续第二天相对美元表现不佳，仍接近上周触及的数月低点。日本央行（BoJ）上周开放了等待下一次加息更长时间的可能性，而美联储（Fed）则表示明年货币宽松步伐将放缓。

Japanese Yen remains vulnerable amid doubts over BoJ's rate-hike plans.The Japanese Yen (JPY) continues with its relative underperformance against its American counterpart for the second straight day on Tuesday and remains close to the multi-month low touched last week. The Bank of Japan (BoJ) last week opened up the possibility of waiting longer for the next hike, while the Federal Reserve (Fed) signaled a slowdown in the pace of monetary easing next year.

周二，WTI原油期货上涨至每桶69.5美元左右，扭转了前一交易日因假期前交易清淡而造成的损失。美国最新数据显示，关键消费国的经济在年底前保持强劲，石油找到了支撑。此外，11月印度原油进口量同比增长2.6%，达到1907万吨，这得益于经济和旅游活动不断增长的强劲需求。然而，对明年潜在供应过剩的担忧使价格承压。欧洲的供应担忧也有所缓解，此前有报道称，在俄罗斯一个泵站出现技术问题后，德鲁日巴管道恢复了运营。与此同时，美元走强对以美元计价的大宗商品造成了压力，亚洲最大的炼油商中石化最近的评论预测中国的石油消费量将在2027年达到峰值，这进一步增加了压力。

WTI crude oil futures rose to around $69.5 per barrel on Tuesday, reversing losses from the previous session amid thin pre-holiday trading. Oil found support after fresh US data indicated that the economy of the key consumer remained strong heading into the year-end. Additionally, India's crude oil imports increased 2.6% year-on-year to 19.07 million metric tons in November, driven by strong demand amid rising economic and travel activity. However, concerns about potential oversupply next year kept prices under pressure. European supply fears also eased after reports that the Druzhba pipeline resumed operations following technical issues at a Russian pumping station. At the same time, a stronger US dollar weighed on the dollar-denominated commodity, and recent comments from Asia’s top refiner, Sinopec, projecting China’s oil consumption to peak in 2027, added further pressure.

亚洲股市上涨，债券收益率上升支撑美元。周二，亚洲股市小幅上涨，尽管在假期缩减的一周内，走势受到抑制，而美元则保持在两年高点附近，这得益于美国国债收益率的上升，因为投资者为2025年美联储的降息减少做了准备。

Asia shares rise, dollar underpinned by elevated bond yields.Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated U.S. Treasury yields as investors prepared for fewer Federal Reserve rate cuts in 2025.

澳大利亚储备银行会议纪要发布后，澳元仍面临压力。澳大利亚储备银行（RBA）12月货币政策会议纪要公布后，澳元（AUD）兑美元（USD）周二连续第二天下跌。预计圣诞节前交易活动将受到抑制。

Australian Dollar remains under pressure following the release of the RBA Meeting Minutes.The Australian Dollar (AUD) loses ground for the second successive day against the US Dollar (USD) on Tuesday following the release of the Reserve Bank of Australia's (RBA) Meeting Minutes for its December monetary policy. Trading activity is expected to be subdued before the Christmas holiday.

日元和澳元新闻：日本央行和澳大利亚储备银行会议纪要备受关注。全球货币政策的转变使美元/日元和澳元/美元成为焦点。关注日本央行的谨慎态度、美联储的鹰派以及澳大利亚储备银行对交易机会的通胀前景。

Japanese Yen and Australian Dollar News: BoJ and RBA Minutes in Focus.Global monetary policy shifts put USD/JPY and AUD/USD in focus. Watch BoJ caution, Fed hawks, and RBA's inflation outlook for trading opportunities.

周二早盘，基准韩国综合股价指数跌至2434点左右，在假期缩短的交易周中，未能延续前一交易日超过1%的涨幅。投资者还消化了新的数据，显示韩国12月消费者信心指数从11月的100.7降至88.4，为两年多来的最低水平，反映出在政治不确定性下经济担忧日益加剧。交易员们现在正在等待本周公布的其他关键数据，包括12月的商业信心和11月的工业生产和零售销售数据。在主要股票中，三星电子（+0.2%）、SK海力士（+0.5%）和LG能源解决方案（+0.4%）上涨，而韩国锌（-3.8%）是早盘跌幅最大的股票。

The benchmark KOSPI fell to around 2,434 points in early trading on Tuesday, failing to extend the over 1% gain from the previous session, amid a holiday-shortened trading week. Investors also digested fresh data showing South Korea's consumer sentiment index fell to 88.4 in December, its lowest in over two years, down from 100.7 in November, reflecting growing economic concerns amid political uncertainty. Traders now await additional key data releases this week, including December’s business confidence and November's industrial production and retail sales figures. Among major stocks, Samsung Electronics (+0.2%), SK Hynix (+0.5%), and LG Energy Solution (+0.4%) gained, while Korea Zinc (-3.8%) was the biggest early decliner.

周二，美国股指期货走低，此前科技股和半导体股在圣诞节周初反弹，提振了华尔街。美国消费者情绪意外下降，三个月来首次下降，引发了人们对经济前景的担忧，这打压了市场情绪。投资者正密切关注美联储2025年的政策前景，重点关注降息减少的可能性。然而，疲软的美国个人消费支出数据缓解了通胀担忧，对经济状况的看法喜忧参半。预计假期前交易活动将受到抑制，纽约证券交易所将于今天早些时候收盘。周一，本田汽车公司在美国上市的股价飙升13%，此前该公司宣布了收购日产汽车公司的战略计划，此举可能重塑汽车行业。与此同时，Rumble股价飙升8%，因为该视频共享平台从加密货币公司Tether获得了7.75亿美元的投资，突显了投资者对数字金融和媒体创新的兴趣。

US stock futures drifted lower on Tuesday after a rally in tech and semiconductor stocks lifted Wall Street at the start of Christmas week. Sentiment was weighed down by an unexpected drop in US consumer mood, which fell for the first time in three months, raising concerns about the economic outlook. Investors are closely watching the Federal Reserve's 2025 policy outlook, focusing on the likelihood of fewer rate cuts. However, soft US PCE data has eased inflation concerns, offering a mixed view of economic conditions. Trading activity is expected to be subdued before the holiday, with the NYSE closing early today. On Monday, Honda Motor Co.'s US-listed shares soared 13% after announcing a strategic plan to acquire Nissan Motor Co., a move that could reshape the automotive sector. Meanwhile, Rumble stock surged 8% as the video-sharing platform secured a USD 775 million investment from cryptocurrency firm Tether, underscoring investor interest in digital finance and media innovation.

周二，新西兰元50指数上涨87点，涨幅0.7%，收于13075点，从早盘交易的低迷中复苏，第三个交易日收于绿色。尽管由于即将到来的假期，交易日缩短，但市场仍创下12月初以来的最高水平。周一，华尔街的积极领先最终提振了交易员，消除了人们对美国消费者情绪意外下降的担忧，这是三个月来的首次下降。投资者还希望，2024年第三季度新西兰的经济衰退将导致央行在2月份的会议上进一步下调利率。11月，董事会将利率下调50个基点至4.25%，这是今年第三次降息。医疗保健、房地产和公用事业领涨，Ryman Healthcare（3.5%）、新西兰南港（2.8%）、新西兰水星（1.7%）和斐雪派克医疗保健（1.5%）大幅上涨。市场将于周三和周四因圣诞假期休市。

The NZX 50 rose 87 points or 0.7% to close at 13,075 on Tuesday, recovering from subdued activity in early trading to end in the green for the third session. Markets notched their highest level since early December despite a shortened trading day due to the upcoming holiday. Traders eventually were buoyed by a positive lead from Wall Street Monday, dismissing concerns from the unexpected dip in US consumer mood, which marked its first decline in three months. Investors were also hopeful that the economic recession in New Zealand during Q3 of 2024 would lead the central bank to further trim interest rates in its February meeting. In November, the board reduced interest rates by 50bps to 4.25%, marking the third cut this year. Healthcare, real estate, and utilities led the gains, with significant gains from Ryman Healthcare (3.5%), South Port NZ (2.8%), Mercury NZ (1.7%), and Fisher & Paykel Healthcare (1.5%). The market will be closed on Wednesday and Thursday for the Christmas break.

周二早盘，澳大利亚股市上涨8点，涨幅0.1%，至8209点，试图在交易时间缩短的情况下保持前一交易日的涨幅。受大型科技股和半导体股强劲上涨的支撑，ASX 200指数隔夜追随华尔街的乐观走势。然而，在澳大利亚储备银行上周连续第九次会议将利率维持在4.35%不变后，交易员在今天晚些时候公布会议纪要之前持谨慎态度。在将利率维持在2%不变两个月后，他们预计中国央行将于本周晚些时候就一年期中期贷款安排作出决定，因此也变得谨慎起来。医疗保健、科技行业和能源领涨，Meridian energy（3.1%）、Capstone Copper Corp（1.4%）、Wisetech Global（1.2%）和Fisher&Paykel Healthcare（0.9%）涨幅显著。澳大利亚股市将于周三和周四因圣诞节休市。

Shares in Australia rose 8 points, or 0.1%, to 8,209 in morning trade on Tuesday, attempting to hold gains from the previous session amid shortened trading. The ASX 200 tracked an upbeat session on Wall Street overnight, supported by robust gains in Big Tech and semiconductor stocks. However, traders were cautious ahead of the release of the Reserve Bank of Australia's meeting minutes later today, after the central bank kept interest rates unchanged at 4.35% for the ninth consecutive meeting last week. Caution also built as they anticipated the PBoC's upcoming decision on the one-year medium-term lending facility later this week, after two months of holding it unchanged at 2%. Healthcare, tech sectors, and energy led the rises, with notable gains from Meridian Energy (3.1%), Capstone Copper Corp (1.4%), Wisetech Global (1.2%), and Fisher & Paykel Healthcare (0.9%). The Australian market will be closed on Wednesday and Thursday for Christmas.

澳大利亚储备银行会议纪要：上行通胀风险已经降低。澳大利亚储备银行（RBA）周二公布了其12月货币政策会议纪要，强调自上次会议以来，董事会对通胀信心增强，但风险依然存在。在对通货膨胀有信心之前，政策需要“足够严格”。

RBA Minutes: Upside inflation risks have diminished.The Reserve Bank of Australia (RBA) published the Minutes of its December monetary policy meeting on Tuesday, highlighting that the board had gained confidence in inflation since the prior meeting, but risks remained. Policy needed to be "sufficiently restrictive" until confident about inflation.