澳元/日元上涨至93.00，因避险需求缓解而反弹。澳元/日元结束了连续三天的下跌，周四欧洲时段交易价格约为92.90，受日元（JPY）等避险资产需求减弱的提振。市场情绪的转变是在围绕美中贸易关系重新出现乐观情绪之后发生的，美国财政部长斯科特·贝森特计划于5月10日在瑞士会见中国最高经济官员，以重启陷入僵局的谈判。

AUD/JPY rises toward 93.00, rebounds due to easing safe-haven demand.AUD/JPY snaps a three-day losing streak and trades around 92.90 during European hours on Thursday, buoyed by waning demand for safe-haven assets like the Japanese Yen (JPY). The shift in sentiment follows renewed optimism surrounding US-China trade relations, with US Treasury Secretary Scott Bessent scheduled to meet China's top economic official in Switzerland on May 10 to reignite stalled negotiations.

澳大利亚10年期政府债券收益率稳定在4.28%左右，此前美联储维持利率不变，但警告称，由于唐纳德·特朗普总统的贸易战，经济不确定性进一步增加。与此同时，在国内方面，市场继续对澳大利亚储备银行在即将于5月20日举行的会议上降息25个基点进行定价，因为有迹象表明通货膨胀有所缓解，消费者支出疲软。投资者还预计7月和8月将进一步降息，将利率降至3.25%的下限，一些人预计到年底可能会降至3.0%或以下。在全球发展方面，特朗普总统周三表示，他不会以降低对中国的关税作为开始贸易谈判的条件。这一声明是在美国和中国高级官员定于周六在瑞士举行会议讨论贸易问题之前发表的。

Australia’s 10-year government bond yield steadied around 4.28%, following a sharp decline in the previous session after the U.S. Federal Reserve left interest rates unchanged but warned that economic uncertainty has increased further due to President Donald Trump’s trade war. Meanwhile, on the domestic front, markets continue to price in a 25bps rate cut by the Reserve Bank of Australia at its upcoming meeting on May 20th, amid signs of easing inflation and weaker consumer spending. Investors are also anticipating further cuts in July and August, taking rates to a floor of 3.25%, with some expectations that it could fall to 3.0% or below by year-end. In global developments, President Trump said on Wednesday he would not reduce tariffs on China as a condition to begin trade negotiations. This statement came ahead of a scheduled meeting between senior U.S. and Chinese officials in Switzerland on Saturday to discuss trade matters.

周四，澳元攀升至0.645美元以上，收复了前一交易日跌幅的约一半，因对全球贸易发展的乐观情绪提振了市场情绪。此前，唐纳德·特朗普总统在Truth Social上发布消息称，他将于周四举行新闻发布会，宣布与一个“大国”达成协议，据报道是英国。此外，美国高级官员计划本周末在瑞士会见中国同行，以缓解贸易紧张局势。尽管如此，特朗普坚称，他不会以降低对中国的关税作为开始正式谈判的条件。在其他地方，美联储保持利率不变，并表示谨慎立场，突显了与关税相关的不确定性。在国内方面，市场越来越多地将澳大利亚储备银行在5月份的会议上降息25个基点作为定价，因为经济放缓的迹象和日益增长的外部逆风对前景造成了压力。

The Australian dollar climbed above $0.645 on Thursday, recovering roughly half of the previous session’s losses as optimism surrounding global trade developments lifted sentiment. Support for the Aussie came after President Donald Trump posted on Truth Social that he would hold a press conference Thursday to announce a deal with a “big” country, reportedly the United Kingdom. Additionally, top U.S. officials are scheduled to meet their Chinese counterparts in Switzerland this weekend in a fresh bid to ease trade tensions. Still, Trump maintained that he would not reduce tariffs on China as a condition to begin formal negotiations. Elsewhere, the Federal Reserve kept rates unchanged and signaled a cautious stance, highlighting uncertainty linked to tariffs. On the domestic front, markets are increasingly pricing in a 25 basis point rate cut by the Reserve Bank of Australia at its May meeting, as signs of a slowing economy and growing external headwinds weigh on the outlook.

标准普尔/澳交所200指数周四下跌0.2%，至8160点左右，扭转了前一交易日的涨势，因市场保持谨慎。在美联储决定保持利率稳定之后，美联储主席杰罗姆·鲍威尔表示将采取谨慎态度，并排除了为应对关税的潜在经济影响而先发制人降息的可能性。美国总统唐纳德·特朗普表示，他不会将降低对中国的关税作为恢复贸易谈判的先决条件，这加剧了投资者的不安。美国和中国高级官员计划本周末在瑞士会晤，讨论贸易关系，这进一步加剧了地缘政治紧张局势。澳交所的主要亏损是澳新银行集团（-2.2%）、西太平洋银行（-3.6%）、CSL有限公司（-1%）、伍德赛德能源公司（-1%-）和皮尔巴拉矿业公司（-7.3%）。

The S&P/ASX 200 Index fell 0.2% to around 8,160 on Thursday, reversing gains from the previous session as market caution took hold. The pullback followed the US Federal Reserve’s decision to hold interest rates steady, with Fed Chair Jerome Powell signaling a cautious approach and ruling out a preemptive rate cut in response to the potential economic impacts of tariffs. Adding to investor unease, US President Donald Trump stated he would not reduce tariffs on China as a precondition for resuming trade negotiations. Top US and Chinese officials are scheduled to meet in Switzerland this weekend to discuss trade relations, adding further geopolitical tension. Leading losses on the ASX were ANZ Group (-2.2%), Westpac Banking (-3.6%), CSL Ltd (-1%), Woodside Energy (-1%), and Pilbara Minerals (-7.3%).