欧元/美元、美元/日元和澳元/美元每周预测——外汇市场的混合周。美元继续出现很多嘈杂的行为，因为市场将不得不消化来自外部世界的许多问题和影响，而不仅仅是货币市场。

EUR/USD, USD/JPY and AUD/USD Weekly Forecast – Mixed Week for the Forex Markets.The US dollar continues to see a lot of noisy behavior, as the market will have to digest a lot of questions and influence from the outside world, not just the currency markets.

欧元/美元、美元/日元和澳元/美元预测——周五美元涨跌互现。周五美元有点涨跌互现，因为市场继续面临许多外部压力和利率影响。最终，这是一个继续出现波动的市场，并且可能会继续前进。

EUR/USD, USD/JPY and AUD/USD Forecast – Friday Session Mixed for US Dollar.The US Dollar was a bit mixed on Friday, as the market continues to see a lot of external pressures and interest rate influences to deal with. Ultimately, this is a market that continues to see volatility, and probably will continue going forward.

澳大利亚10年期政府债券收益率跌至4.6%，反映了美联储降息25个基点后美国债券收益率的下降。美联储表示，劳动力市场状况总体上有所缓解，通胀率已接近央行2%的目标，但仍有所上升。在澳大利亚，储备银行周二将利率稳定在4.35%，标志着这一水平的一年，并坚持其不排除任何政策的指导方针。央行指出，潜在通胀率仍然过高，预计要到2026年才能恢复到目标水平。此外，州长米歇尔·布洛克强调，由于持续的价格压力和劳动力市场紧张，有必要暂时维持限制性利率。基于这一立场，澳大利亚储备银行在全球货币宽松周期中继续落后。

Australia's 10-year government bond yield fell toward 4.6%, mirroring a decline in US bond yields after the Federal Reserve cut interest rates by 25 basis points in a widely expected move. The Fed said that labor market conditions have generally eased and inflation has moved closer to the central bank’s 2% target, though it remains somewhat elevated. In Australia, the Reserve Bank held interest rate steady at 4.35% on Tuesday, marking a year at that level, and maintained its guidance on not ruling anything in or out on policy. The central bank noted that underlying inflation remained too high and is not seen to return to target until 2026. Moreover, Governor Michele Bullock emphasized the need to maintain restrictive interest rates for the time being due to ongoing price pressures and a tight labor market. With this stance, the RBA continues to lag behind in the global monetary easing cycle.

周五，澳元兑美元汇率在0.665美元左右，本周将上涨约1.5%，因为澳大利亚储备银行的鹰派信号和对中国新刺激计划的希望超过了唐纳德·特朗普在美国大选中的胜利。周三，随着美元飙升，澳元跌至三个月低点，原因是人们预计特朗普的通胀政策将阻止美联储进一步降息，再加上人们担心更高的关税可能会损害中国经济。然而，由于澳大利亚储备银行坚持限制性政策立场，货币在第二天大幅反弹。澳大利亚储备银行还强调了特朗普获胜对澳大利亚经济影响的不确定性，并指出它正在密切关注中国的潜在政策反应。市场押注北京将推出进一步的刺激措施，以应对特朗普第二届政府提高关税的风险。

The Australian dollar traded around $0.665 on Friday and was set to gain about 1.5% this week as hawkish signals from the Reserve Bank of Australia and hopes of fresh China stimulus outweighed Donald Trump’s US election victory. On Wednesday, the Aussie had fallen to a three-month low as the US dollar surged, driven by expectations that Trump’s inflationary policies would keep the Federal Reserve from cutting rates further, coupled with concerns that higher tariffs could hurt China’s economy. However, the currency rebounded sharply the following day as the RBA stood out in maintaining a restrictive policy stance. The RBA also highlighted the uncertainty surrounding the impact of Trump’s win on the Australian economy, noting that it was closely monitoring China’s potential policy response. Markets are betting that Beijing will introduce further stimulus measures to counter the risk of higher tariffs under a second Trump administration.