美元/人民币 (USDCNY) 加自选

恒生指数下跌，美国国债收益率飙升，中国刺激措施等待。美国国债收益率上升，给亚洲市场带来压力。恒生指数下跌0.14%，房地产和科技股领跌。

Hang Seng Index Dips as US Treasury Yields Surge, China Stimulus Awaited.US Treasury yields rise, pressuring Asian markets. Hang Seng falls 0.14%, with real estate and tech stocks leading the decline.

周四，上证综指下跌0.7%，至3280点左右，深证成分股下跌0.8%，至10490点。由于即将到来的美国总统大选使投资者对中美紧张局势的潜在升级感到紧张，内地股市结束了四天的上涨。在当局实施了一系列刺激措施，包括降低关键贷款利率以恢复经济增长和各种货币工具以提振股市活动后，投资者也在等待北京方面的进一步政策信号。与此同时，缺乏积极的财政刺激措施继续给市场带来压力，因为积极的政府支出被视为支持增长的关键。四川长虹（-5.1%）、Seres Group（-1.5%）、光启科技（-8.2%）、上海电气（-1.2%）和隆基绿色能源（-2.7%）均出现显著亏损。

The Shanghai Composite fell 0.7% to around 3,280 while the Shenzhen Component dropped 0.8% to 10,490 on Thursday, with mainland stocks snapping a four-day advance as the upcoming US presidential election kept investors on edge for a potential escalation of Sino-US tensions. Investors also awaited further policy signals from Beijing after authorities implemented a slew of stimulus measures including a reduction of key lending rate to revive economic growth and various monetary tools to boost stock market activity. Meanwhile, the lack of aggressive fiscal stimulus continued to weigh on the market as aggressive government spending is seen as crucial to support growth. Notable losses were seen from Sichuan Changhong (-5.1%), Seres Group (-1.5%), Kuang-Chi Technologies (-8.2%), Shanghai Electric (-1.2%) and Longi Green Energy (-2.7%).

周四，美元指数最近反弹至104.4左右，徘徊在近三个月来的最高水平，因为人们越来越期望美联储在进一步降息时会更加谨慎，前总统唐纳德·特朗普重新入主白宫的可能性也越来越大。美元也受到美国国债收益率上升的支撑，基准10年期国债周三达到4.26%的盘中高点。这些举措出台之际，美国强劲的就业、消费者通胀和零售销售数据表明经济仍然强劲。美联储的施密德本周表示，他不希望采取过大的举措，而美联储的哈克则呼吁采取更温和的方法来进一步放松。在政治方面，市场押注特朗普可能会在11月获胜，鉴于他的通胀政策，如提高关税和降低税收，这对美元和国债收益率来说是一个看涨的情景。美元兑日元攀升至三个月高点，兑欧元攀升至四个月高点。

The dollar index held its recent rally to around 104.4 on Thursday, hovering at its highest levels in almost three months on growing expectations that the Federal Reserve will be more cautious in cutting interest rates further and rising odds that former President Donald Trump will retake the White House. The greenback was also underpinned by rising Treasury yields, with the benchmark 10-year note reaching an intraday high of 4.26% on Wednesday. Those moves came as strong US jobs, consumer inflation and retail sales data indicated a still robust economy. Fed’s Schmid said this week he would not prefer outsized moves, while Fed’s Harker called for a more moderate approach to further easing. On the political front, markets are betting that Trump will likely win in November, a bullish scenario for the dollar and Treasury yields given his inflationary policies such as higher tariffs and lower taxes. The dollar climbed to a three-month high on the yen and a four-month high on the euro.

美元在押注美联储放缓降息、特朗普可能获胜方面表现突出。周四，美元兑主要货币汇率接近三个月高点，受美联储降息步伐放缓的预期以及对唐纳德·特朗普可能连任总统的押注增加的支撑。

Dollar stands tall on bets for slower Fed cuts, potential Trump win.The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency.