美元强势不改,非农数据会是转折点吗?

英为财情
Aug 01, 2025

7月美国非农就业数据即将公布,市场高度关注其对利率曲线中段(2-7年期)的影响。在美联储维持利率不变、主席鲍威尔释放鹰派信号的背景下,若非农数据显著低于预期,或将引发对提前降息的押注,加剧中段利率波动。同时,输入型通胀压力和强劲的GDP数据使政策前景更趋复杂。美元维持强势,外汇市场对就业数据反应敏感,欧元相对抗震,英镑则可能随美债波动放大。整体来看,非农报告将成为市场重估利率路径与资产配置的关键...

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