美元/瑞典克朗 (USDSEK) 加自选

美联储鸽派分歧导致美元接近年低点。在备受期待的美联储（Fed）决定之前，美国股市又打破了一项纪录，而斯托克600指数下跌超过1%，因为包括银行和保险公司在内的利率敏感行业领跌该指数。反映美联储利率预期的美国2年期国债收益率仍受到鸽派预期的压力。

USD Near Year-Low on Dovish Fed Divergence.US equities broke one more record before the widely awaited Federal Reserve (Fed) decision, while the Stoxx 600 fell more than 1% as rate-sensitive sectors including banks and insurers led the index lower. The US 2-year yield – which reflects Fed rate expectations – remained under pressure from dovish expectations.

瑞典的失业率从去年同期的7.9%上升到2025年8月的8.4%。失业人数比上年增加3.3万人，达到48.6万人，就业人数增加2.9万人，达532.0万人。就业率下降0.1个百分点至69.7%，劳动力参与率上升0.5个百分点至76.1%。每周平均工作总小时数为1.306亿。经季节性调整后，失业率为8.7%。

Sweden’s unemployment rate rose to 8.4% in August 2025 from 7.9% in the same month of the previous year. The number of unemployed people increased by 33 thousand compared to a year earlier, totaling to 486 thousand, while employment went up by 29 thousand to 5.320 million. The employment rate fell by 0.1 percentage points to 69.7% and the labor force participation rate grew by 0.5 percentage points to 76.1%. The average total number of hours worked per week amounted to 130.6 million. On a seasonally adjusted basis, the unemployment rate was 8.7%.

晨标：美联储终于。Rocky Swift展望欧洲和全球市场的未来

Morning Bid: Finally, the Fed.A look at the day ahead in European and global markets from Rocky Swift

周三，随着市场等待美联储的政策决定，10年期美国国债收益率保持在4.03%左右，徘徊在五个月低点附近。人们普遍预计美联储将在当天晚些时候降息25个基点，交易员预计到年底将放宽约67个基点。尽管通胀率仍高于美联储2%的目标，但劳动力市场降温的迹象加强了这些预期。投资者还将关注央行的季度经济预测摘要，特别是利率的“点图”前景。在数据方面，美国8月份零售额连续第三个月上涨，实现了广泛的增长，为消费者支出的弹性夏季画上了句号。

The 10-year US Treasury yield held around 4.03% on Wednesday, hovering near five-month lows as markets awaited the Federal Reserve’s policy decision. The Fed is widely expected to deliver a quarter-point cut later in the day, with traders pricing in about 67 basis points of easing by year-end. Those expectations have been reinforced by signs of a cooling labor market, even as inflation remains above the Fed’s 2% target. Investors will also focus on the central bank’s quarterly Summary of Economic Projections, particularly the “dot plot” outlook for rates. On the data front, US retail sales rose in August for a third straight month, posting broad-based gains that capped a resilient summer of consumer spending.