随着市场在2025年开始接受美联储的三次降息，美元继续下跌。

Dollar Extends Decline as Markets Starting to Embrace Three Fed Cuts in 2025.

美国物流经理人指数（LMI）从5月份的59.4上升到2025年6月的60.7。这只是过去两年半里第三次超过60.0，所有这些都发生在过去六个月里，突显出2025年上半年供应链活动水平的上升和有些不合时宜。整体指数的上升主要是由于库存水平急剧上升，飙升8.3点至59.8点。大部分增长发生在6月上半月，因为进口商迅速采取行动，利用最惩罚性关税的暂停。因此，库存成本上升了2.5个点，达到80.9，这是自2022年10月以来该指标首次超过80.0，当时供应链仍在努力应对新冠肺炎后的库存扭曲。与此同时，仓储能力下降2.2点至47.8，自2023年1月以来首次出现收缩。

The US Logistics Managers’ Index (LMI) rose to 60.7 in June 2025, up from 59.4 in May. This is only the third reading above 60.0 in the past two and a half years—all of which have occurred in the last six months—highlighting an elevated and somewhat unseasonal level of supply chain activity in the first half of 2025. The increase in the overall index was driven primarily by a sharp rise in Inventory Levels, which surged 8.3 points to 59.8. Most of the growth occurred in the first half of June, as importers moved quickly to capitalize on a pause in the most punitive tariffs. As a result, Inventory Costs rose by 2.5 points to 80.9—the first time this metric has exceeded 80.0 since October 2022, when supply chains were still grappling with post-COVID inventory distortions. Meanwhile, Warehousing Capacity declined by 2.2 points to 47.8, entering contraction for the first time since January 2023.

亚洲股市涨跌互现，欧洲股市下跌，随着关税最后期限的临近，美元进一步走软——美国沉睡之际，全球市场今日。6月30日星期一，美国股市收盘走高，受贸易协议和可能降息的乐观情绪提振。尽管表现强劲，但对关税和财政政策的担忧影响了整体表现。

Asia Markets Mixed, Europe Slips, Dollar Weakens Further As Tariff Deadline Looms - Global Markets Today While US Slept.On Monday, June 30, U.S. markets closed higher, boosted by optimism over trade deals and possible rate cuts. Despite this strong finish, concerns about tariffs and fiscal policy weighed on overall performance.

美元继续挣扎，7月交易开始。美元/日元在两周多一点的时间里首次跌至143.00大关。该货币对今日下跌0.7%，收于143.03点，卖家在昨日走势后继续上涨。

Dollar struggles continue to start July trading.USD/JPY is now dipping towards the 143.00 mark for the first time in a little over two weeks. The pair is now down 0.7% on the day at 143.03 as sellers keep the run going after the moves yesterday.