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<p>拉丁美洲货币和股票因中东冲突升级和美元普遍走强而回落，投资者纷纷远离风险资产，智利比索受到的打击尤为严重，尽管数据显示贸易顺差超出预期。</p>
<p>追踪该地区上市股票的 MSCI 指数下跌了 0.57%，正朝着连续第三个交易日下跌的方向发展。</p>
<p>本地上市公司的股票普遍下跌。</p>
<h2>智利的贸易顺差未能提振比索</h2>
<p>智利在三月份录得 30.6 亿美元的贸易顺差，超过分析师预期的 26.5 亿美元，主要由于铜等商品出口超过了工业品进口。</p>
<p>然而，强于预期的数据对比索的支持作用有限，因为与中东冲突相关的风险厌恶情绪和美元强势压倒了任何积极的国内信号。</p>
<p>根据 Pantheon Macroeconomics 的首席拉美经济学家 Andres Abadia 的说法，这一走势反映的不仅仅是标准的风险规避情形。</p>
<p>“对石油和美元同时冲击的结构性脆弱性已被暴露，短期前景看起来非常严峻，” 他说。</p>
<p>智利中央银行保持中性的利率政策，尽管预计更高的燃料成本将在未来几个月增加通胀压力。</p>
<h2>墨西哥情绪恶化，创下新低</h2>
<p>墨西哥比索兑美元跌至新低，下降 0.67%，至每美元 44.30，拖累拉丁美洲货币指数下跌 0.28%。</p>
<p>墨西哥证券交易所连续第三个交易日下跌，损失 1.08%。</p>
<h2>哥伦比亚小幅上涨，政策分歧</h2>
<p>哥伦比亚比索逆势上涨 0.12%，因该国中央银行在政府反对的情况下提高了利率。</p>
<p>预计加息将吸引资本流入，尽管中央银行与政府之间的政策冲突增加了哥伦比亚制度信誉的不确定性。</p>
<h2>巴西、阿根廷及更广泛的新兴市场动态</h2>
<p>巴西雷亚尔下跌 0.59%，阿根廷比索下滑 0.07%。</p>
<p>对新兴市场货币的广泛压力超出了拉丁美洲，印尼卢比首次跌破每美元 17,100，土耳其里拉、印度卢比、南非兰特、台币和菲律宾比索也出现了损失。</p>
<p>能源价格疲软加剧了抛售，投资者全球范围内减少了对风险资产的敞口。</p>
<h2>地缘政治使投资者保持谨慎</h2>
<p>中东冲突已进入第六周，继续主导市场情绪。</p>
<p>强势美元仍然是该地区风险资产面临的最直接压力来源，投资者在重新调整之前，正等待关于冲突走向及其对全球石油供应影响的更清晰信号。</p>
<p>智利比索尽管有贸易顺差仍下跌，拉美外汇感受到美元压力的文章首次出现在 Invezz 上。</p>

iShares拉丁美洲40指数ETF

ALAU

新兴市场货币 做多 - WisdomTree

彭博美元指数 做多 - WisdomTree

<p>拉丁美洲货币，包括智利比索，因美元走强和中东冲突升级而下跌，投资者纷纷远离风险资产。尽管智利在三月份实现了 30.6 亿美元的贸易顺差，超出预期，但比索因风险厌恶而承压。该地区的 MSCI 指数下跌 0.57%，连续第三个交易日录得亏损。墨西哥比索创下新低，而哥伦比亚比索在加息后上涨。由于地缘政治紧张局势和能源价格疲软，广泛的新兴市场货币也面临压力</p>

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<p>Latin American currencies and equities retreated as escalating Middle East conflict and a broadly stronger dollar drove investors away from risk assets, with the Chilean peso among the hardest hit despite data showing a larger-than-expected trade surplus.</p>
<div class="lb-trans"><p>拉丁美洲货币和股票因中东冲突升级和美元普遍走强而回落，投资者纷纷远离风险资产，智利比索受到的打击尤为严重，尽管数据显示贸易顺差超出预期。</p>
</div><p>An MSCI index tracking publicly listed shares across the region fell 0.57%, on course for a third consecutive session of declines.</p>
<div class="lb-trans"><p>追踪该地区上市股票的 MSCI 指数下跌了 0.57%，正朝着连续第三个交易日下跌的方向发展。</p>
</div><p>Shares of locally listed companies were also lower across the board.</p>
<div class="lb-trans"><p>本地上市公司的股票普遍下跌。</p>
</div><h2>Chile's trade surplus fails to lift the peso</h2>
<div class="lb-trans"><h2>智利的贸易顺差未能提振比索</h2>
</div><p>Chile posted a trade surplus of $3.06 billion in March, exceeding analyst expectations of $2.65 billion, as commodity exports, including copper, outpaced imports of industrial goods.</p>
<div class="lb-trans"><p>智利在三月份录得 30.6 亿美元的贸易顺差，超过分析师预期的 26.5 亿美元，主要由于铜等商品出口超过了工业品进口。</p>
</div><p>The stronger-than-expected data did little to support the peso, however, as risk aversion linked to the Middle East conflict and dollar strength overwhelmed any positive domestic signal.</p>
<div class="lb-trans"><p>然而，强于预期的数据对比索的支持作用有限，因为与中东冲突相关的风险厌恶情绪和美元强势压倒了任何积极的国内信号。</p>
</div><p>The move reflects more than a standard risk-off episode, according to Andres Abadia, chief Latin America economist at Pantheon Macroeconomics.</p>
<div class="lb-trans"><p>根据 Pantheon Macroeconomics 的首席拉美经济学家 Andres Abadia 的说法，这一走势反映的不仅仅是标准的风险规避情形。</p>
</div><p>&#34;A structural vulnerability to simultaneous oil and US dollar shocks has been exposed and the near-term outlook looks very tough,&#34; he said.</p>
<div class="lb-trans"><p>“对石油和美元同时冲击的结构性脆弱性已被暴露，短期前景看起来非常严峻，” 他说。</p>
</div><p>Chile's central bank has kept its interest rate policy on a neutral footing, though higher fuel costs are expected to add to inflationary pressure in the coming months.</p>
<div class="lb-trans"><p>智利中央银行保持中性的利率政策，尽管预计更高的燃料成本将在未来几个月增加通胀压力。</p>
</div><h2>Mexico hits a fresh low as sentiment sours</h2>
<div class="lb-trans"><h2>墨西哥情绪恶化，创下新低</h2>
</div><p>The Mexican peso fell to a new low against the dollar, declining 0.67% to 44.30 per dollar, dragging the Latin American currency index down 0.28%.</p>
<div class="lb-trans"><p>墨西哥比索兑美元跌至新低，下降 0.67%，至每美元 44.30，拖累拉丁美洲货币指数下跌 0.28%。</p>
</div><p>The Mexico Stock Exchange fell for a third consecutive session, losing 1.08%.</p>
<div class="lb-trans"><p>墨西哥证券交易所连续第三个交易日下跌，损失 1.08%。</p>
</div><h2>Colombia edges higher as policy diverges</h2>
<div class="lb-trans"><h2>哥伦比亚小幅上涨，政策分歧</h2>
</div><p>The Colombian peso bucked the regional trend, rising 0.12% after the country's central bank raised interest rates despite opposition from the government.</p>
<div class="lb-trans"><p>哥伦比亚比索逆势上涨 0.12%，因该国中央银行在政府反对的情况下提高了利率。</p>
</div><p>The rate increase is expected to attract capital inflows, though the policy conflict between the central bank and government has added to uncertainty around Colombia's institutional credibility.</p>
<div class="lb-trans"><p>预计加息将吸引资本流入，尽管中央银行与政府之间的政策冲突增加了哥伦比亚制度信誉的不确定性。</p>
</div><h2>Brazil, Argentina and wider emerging market moves</h2>
<div class="lb-trans"><h2>巴西、阿根廷及更广泛的新兴市场动态</h2>
</div><p>Brazil's real fell 0.59%, and Argentina's peso slipped 0.07%.</p>
<div class="lb-trans"><p>巴西雷亚尔下跌 0.59%，阿根廷比索下滑 0.07%。</p>
</div><p>The broader pressure on emerging market currencies extended beyond Latin America, with the Indonesian rupiah falling below 17,100 per dollar for the first time, and losses also recorded in the Turkish lira, Indian rupee, South African rand, Taiwanese dollar and Philippine peso.</p>
<div class="lb-trans"><p>对新兴市场货币的广泛压力超出了拉丁美洲，印尼卢比首次跌破每美元 17,100，土耳其里拉、印度卢比、南非兰特、台币和菲律宾比索也出现了损失。</p>
</div><p>Energy price weakness exacerbated the sell-off as investors reduced exposure to risk assets globally.</p>
<div class="lb-trans"><p>能源价格疲软加剧了抛售，投资者全球范围内减少了对风险资产的敞口。</p>
</div><h2>Geopolitics keeps investors cautious</h2>
<div class="lb-trans"><h2>地缘政治使投资者保持谨慎</h2>
</div><p>The Middle East conflict, now entering its sixth week, continues to dominate market sentiment.</p>
<div class="lb-trans"><p>中东冲突已进入第六周，继续主导市场情绪。</p>
</div><p>The strong dollar remains the most immediate source of pressure on risk assets across the region, with investors awaiting clearer signals on the trajectory of the conflict and its implications for global oil supply before repositioning.</p>
<div class="lb-trans"><p>强势美元仍然是该地区风险资产面临的最直接压力来源，投资者在重新调整之前，正等待关于冲突走向及其对全球石油供应影响的更清晰信号。</p>
</div><p>The post Chile peso falls despite trade surplus as LatAm FX feels dollar pain appeared first on Invezz</p>
<div class="lb-trans"><p>智利比索尽管有贸易顺差仍下跌，拉美外汇感受到美元压力的文章首次出现在 Invezz 上。</p>
</div>

尽管智利出现贸易顺差，但智利比索仍下跌，因为拉丁美洲的外汇市场感受到美元走强的压力