尽管GDP疲软，但美元略有反弹。美国第一季度GDP增长意外为负0.3%。

Slight Bounce by the Dollar Despite Weaker GDP.American advance GDP for the first quarter surprised at negative 0.3%.

NFP预览：低于80000的NFP可能引发美元下跌，降息押注激增。Pepperstone研究主管Chris Weston警告称，今天发布的美国非农就业数据可能会对市场产生巨大影响，投资者对糟糕数据的容忍度现在急剧下降。研究主管Chris Weston表示：“市场可能会对糟糕的NFP结果做出强烈反应，因为对糟糕数据的容忍度很低。”。

NFP Preview: Sub-80k NFP Could Spark US Dollar Drop, Rate Cut Bets Surge.Chris Weston, Head of Research at Pepperstone, warns that today's US Nonfarm Payrolls (NFP) release could have an outsized market impact, with investor tolerance for poor data now sharply reduced. "The market will likely react strongly to a poor NFP outcome, as the tolerance for poor data is low," says Chris Weston, Head of Research at.

2025年4月，美国经济可能增加了13万个工作岗位，比3月份的22.8万个增长有所放缓，部分原因是不合时宜的温暖天气带来的提振作用减弱，以及唐纳德·特朗普总统激进的关税政策带来的不确定性增加。失业率预计将稳定在4.2%，而工资增长预计将略微放缓至3.8%。然而，劳工部备受关注的就业报告可能会被视为回顾性的，可能无法提供当前经济轨迹的清晰图景。此前，令人失望的GDP数据显示，美国经济在第一季度出现萎缩，主要是由于新关税出台前进口激增，这一发展，再加上劳动力市场降温的迹象，可能会促使美联储在6月降息。

The U.S. economy likely added 130,000 jobs in April 2025, a slowdown from the 228,000 gain recorded in March, partly attributed to the diminishing boost from unseasonably warm weather and growing uncertainty stemming from President Donald Trump’s aggressive tariff policies. The unemployment rate is expected to remain steady at 4.2%, while wage growth is projected to ease slightly to 3.8%. However, the Labor Department’s closely watched employment report is likely to be viewed as backward-looking and may not provide a clear picture of the economy’s current trajectory. It also follows disappointing GDP data showing the U.S. economy contracted in the first quarter largely due to a surge in imports ahead of new tariffs, a development that, combined with signs of a cooling labor market, could prompt the Federal Reserve to cut interest rates in June.

就业数据公布前美元走强。美元/日元和美元/加元货币对呈上升趋势，这得益于美元走强，这受到许多因素的支持。在昨天的会议上，日本央行保持关键利率不变，令“日元看涨者”失望，他们原本希望看到货币政策可能收紧的信号。

Dollar Strengthens Ahead of Employment Data.The USD/JPY and USD/CAD currency pairs are showing an upward trend, supported by the strengthening US dollar, which is backed by a number of factors. At yesterday's meeting, the Bank of Japan kept the key interest rate unchanged, disappointing “yen bulls” who had hoped for signals of a possible tightening of monetary policy.