<p>MSCI 拉美外匯上漲 0.4%，股票上漲 1.1%</p>
<p>美國和巴西的利率決策備受關注</p>
<p>智利央行維持利率不變</p>
<p>淡水河谷和墨西哥集團在第四季度業績向好後上漲</p>
<p>作者：Purvi Agarwal</p>
<p>1 月 28 日（路透社）- 拉丁美洲貨幣週三表現不一，巴西雷亞爾在兩國央行會議前略微貶值，而股票在一系列企業財報發佈後上漲。</p>
<p>在唐納德·特朗普總統淡化美元貶值的影響後，美元（=USD）跌至四年低點，儘管隨後有所反彈。</p>
<p>市場將密切關注美聯儲政策制定者稍後對利率路徑前景的評論，這可能為本週的市場定下基調。</p>
<p>預計央行將在會議上維持利率不變。</p>
<p>“特朗普的評論強化了美元貶值背後的一種敍述——即美國政府對美元貶值是可以接受的，” 麥格理集團的全球貨幣和利率策略師 Thierry Wizman 表示。</p>
<p>“美元的波動也促使了大量對沖，主要是為了保護外資賬户中的美元敞口。”</p>
<p>在拉丁美洲，巴西雷亞爾（BRL=）在央行貨幣政策決定前下跌 0.1%，預計 Selic 利率將維持在近 20 年來的高點 15%。</p>
<p>墨西哥比索（MXN=）下跌 0.5%，在週二創下自四月以來最大單日漲幅後回落。哥倫比亞比索（COP=）貶值幅度最大，兑美元下跌 1%。相反，智利比索（CLP=）上漲 0.3%，受銅價上漲的支持。智利央行在週二如預期維持利率在 4.50% 不變。</p>
<p>儘管如此，MSCI 跟蹤拉丁美洲貨幣的指數（.MILA00000CUS）上漲 0.4%，有望迎來第八個交易日的上漲。</p>
<p>該地區的股票也上漲，主要受到一系列企業財報和商品價格上漲的推動。巴西的淡水河谷（VALE3.SA）在其鐵礦石產量在 2025 年達到 3.361 億公噸，首次超過競爭對手力拓在澳大利亞的皮爾巴拉業務後上漲 2.5%。基準指數（.BVSP）上漲 1.7%。</p>
<p>哥倫比亞（.COLCAP）和阿根廷（.MERV）的股市分別上漲 0.9% 和 0.6%。</p>
<p>墨西哥集團（GMEXICOB.MX）上漲 2%，該公司是全球最大的銅生產商之一，因其第四季度淨利潤在金屬價格上漲和銷量強勁的推動下幾乎翻倍，助力墨西哥基準指數（.MXX）上漲。Banorte（GFNORTEO.MX）上漲 4.6%，該金融集團在週二表示，第四季度利潤較去年同期增長 16%，得益於消費者貸款的強勁增長。</p>
<p>近期商品價格的飆升幫助提升了資源豐富的拉美國家礦業和生產企業的股票，使得 MSCI 的區域股票指數（.MILA00000PUS）有望迎來第八個連續交易日的上漲。在新興市場的其他地方，評級機構惠譽將 Afreximbank 的評級下調至垃圾級，並撤回未來的評級——這是與這家非洲貸款機構關係緊張的最終舉措。</p>
<p>關鍵拉丁美洲股票指數和貨幣：</p>
<p>拉丁美洲市場</p>
<p>來自路透社的價格</p>
<p>股票 最新 日漲幅 %</p>
<p>變動</p>
<p>MSCI 新興市場 1555.38 1.73</p>
<p>(.MSCIEF)</p>
<p>MSCI 拉美（.MILA00000PUS）3215.81 1.52</p>
<p>巴西 Bovespa（.BVSP）185064.76 1.73</p>
<p>墨西哥 IPC（.MXX）69405.54 0.77</p>
<p>智利 IPSA（.SPIPSA）11564.78 -0.53</p>
<p>阿根廷 Merval（.MERV）3272785.8 0.88</p>
<p>哥倫比亞 COLCAP（.COLCAP）2510.7 0.58</p>
<p>貨幣 最新 日漲幅 %</p>
<p>變動</p>
<p>巴西雷亞爾（BRL=）5.1861 -0.11</p>
<p>墨西哥比索（MXN=）17.214 -0.50</p>
<p>智利比索（CLP=）854.69 0.28</p>
<p>哥倫比亞比索（COP=）3657.11 -1.04</p>
<p>秘魯索爾（PEN=）3.3373 0.22</p>
<p>阿根廷比索（銀行間）1440 0.34</p>
<p>(ARS=RASL)</p>
<p>阿根廷比索（平行）1465 0.17</p>
<p>(ARSB=)</p>

墨西哥集團

淡水河谷

OTGL

BRAZ

iShares拉丁美洲40指數ETF

<p>拉丁美洲貨幣表現參差不齊，巴西雷亞爾在中央銀行會議前略微走弱。受強勁企業盈利推動，尤其是來自淡水河谷和墨西哥集團的盈利，股市上漲 1.1%。MSCI 拉美指數上漲 0.4%，這是其連續第八個交易日上漲。市場密切關注美聯儲的利率決策，預計將保持不變。商品價格的上漲對該地區資源密集型股票產生了積極影響，而惠譽則將非洲進出口銀行的評級下調至垃圾級</p>

<p>MSCI Latam FX up 0.4%, stocks gain 1.1%</p>
<div class="lb-trans"><p>MSCI 拉美外匯上漲 0.4%，股票上漲 1.1%</p>
</div><p>Interest rate decisions in the U.S., Brazil awaited</p>
<div class="lb-trans"><p>美國和巴西的利率決策備受關注</p>
</div><p>Chile’s central bank holds rates steady</p>
<div class="lb-trans"><p>智利央行維持利率不變</p>
</div><p>Vale, Grupo Mexico gain after upbeat Q4 results</p>
<div class="lb-trans"><p>淡水河谷和墨西哥集團在第四季度業績向好後上漲</p>
</div><p>By Purvi Agarwal</p>
<div class="lb-trans"><p>作者：Purvi Agarwal</p>
</div><p>Jan 28 (Reuters) - Latin American currencies were mixed on Wednesday, with the Brazilian real slightly weaker against the dollar ahead of central bank meetings in both countries, while stocks gained following a slew of corporate earnings.</p>
<div class="lb-trans"><p>1 月 28 日（路透社）- 拉丁美洲貨幣週三表現不一，巴西雷亞爾在兩國央行會議前略微貶值，而股票在一系列企業財報發佈後上漲。</p>
</div><p>The dollar (=USD) fell to a four-year low after President Donald Trump brushed off the currency’s decline, saying its value was “great”, though later recovered some ground.</p>
<div class="lb-trans"><p>在唐納德·特朗普總統淡化美元貶值的影響後，美元（=USD）跌至四年低點，儘管隨後有所反彈。</p>
</div><p>Markets will be closely watching comments from Federal Reserve policymakers later in the day on the interest rate path outlook that could set the tone for markets this week.</p>
<div class="lb-trans"><p>市場將密切關注美聯儲政策制定者稍後對利率路徑前景的評論，這可能為本週的市場定下基調。</p>
</div><p>The central bank is expected to hold rates at its meeting.</p>
<div class="lb-trans"><p>預計央行將在會議上維持利率不變。</p>
</div><p>“That (Trump’s comments) reinforced one of the narratives that is behind the USD’s slide to begin with - the premise that the U.S. administration is okay with a weaker USD,” said Thierry Wizman, global currency and rates strategist at Macquarie Group.</p>
<div class="lb-trans"><p>“特朗普的評論強化了美元貶值背後的一種敍述——即美國政府對美元貶值是可以接受的，” 麥格理集團的全球貨幣和利率策略師 Thierry Wizman 表示。</p>
</div><p>“The move in the dollar has also prompted a lot of hedging, mainly to protect the U.S. dollar exposure in foreign investment accounts.”</p>
<div class="lb-trans"><p>“美元的波動也促使了大量對沖，主要是為了保護外資賬户中的美元敞口。”</p>
</div><p>In Latin America, the Brazilian real (BRL=) slipped 0.1% ahead of the central bank’s monetary policy decision, which is expected to leave the Selic rate at the near two-decade-high of 15%.</p>
<div class="lb-trans"><p>在拉丁美洲，巴西雷亞爾（BRL=）在央行貨幣政策決定前下跌 0.1%，預計 Selic 利率將維持在近 20 年來的高點 15%。</p>
</div><p>Mexico’s peso (MXN=) fell 0.5%, after logging its biggest one-day jump since April on Tuesday. Colombia’s peso (COP=) depreciated the most, down 1% against the dollar. On the flip side, Chile’s peso (CLP=) gained 0.3%, aided by rising copper prices. Chile’s central bank held rates steady at 4.50% on Tuesday, as expected.</p>
<div class="lb-trans"><p>墨西哥比索（MXN=）下跌 0.5%，在週二創下自四月以來最大單日漲幅後回落。哥倫比亞比索（COP=）貶值幅度最大，兑美元下跌 1%。相反，智利比索（CLP=）上漲 0.3%，受銅價上漲的支持。智利央行在週二如預期維持利率在 4.50% 不變。</p>
</div><p>Still, MSCI’s index tracking Latin American currencies (.MILA00000CUS) was 0.4% higher, set for its eighth session of gains.</p>
<div class="lb-trans"><p>儘管如此，MSCI 跟蹤拉丁美洲貨幣的指數（.MILA00000CUS）上漲 0.4%，有望迎來第八個交易日的上漲。</p>
</div><p>Stocks in the region also gained, largely boosted by a slew of corporate earnings and rising commodity prices. Brazil’s Vale (VALE3.SA) gained 2.5% after its iron ore production rose to 336.1 million metric tons in 2025, surpassing rival Rio Tinto’s Pilbara operations in Australia for the first time since 2018. The benchmark index (.BVSP) was up 1.7%.</p>
<div class="lb-trans"><p>該地區的股票也上漲，主要受到一系列企業財報和商品價格上漲的推動。巴西的淡水河谷（VALE3.SA）在其鐵礦石產量在 2025 年達到 3.361 億公噸，首次超過競爭對手力拓在澳大利亞的皮爾巴拉業務後上漲 2.5%。基準指數（.BVSP）上漲 1.7%。</p>
</div><p>Bourses in Colombia (.COLCAP) and Argentina (.MERV) rose 0.9% and 0.6% respectively.</p>
<div class="lb-trans"><p>哥倫比亞（.COLCAP）和阿根廷（.MERV）的股市分別上漲 0.9% 和 0.6%。</p>
</div><p>A 2% gain in Grupo Mexico (GMEXICOB.MX) , one of the world’s largest copper producers, after it nearly doubled its fourth-quarter net profit on higher metals prices and stronger volumes helped lift the Mexican benchmark index (.MXX) . Banorte (GFNORTEO.MX) , gained 4.6% after the financial group said on Tuesday that fourth-quarter profit climbed 16% from a year earlier on strong consumer loan growth.</p>
<div class="lb-trans"><p>墨西哥集團（GMEXICOB.MX）上漲 2%，該公司是全球最大的銅生產商之一，因其第四季度淨利潤在金屬價格上漲和銷量強勁的推動下幾乎翻倍，助力墨西哥基準指數（.MXX）上漲。Banorte（GFNORTEO.MX）上漲 4.6%，該金融集團在週二表示，第四季度利潤較去年同期增長 16%，得益於消費者貸款的強勁增長。</p>
</div><p>The recent surge in commodity prices has helped lift stocks of miners and producers in resource-heavy LatAm countries, setting up MSCI’s gauge of regional equities (.MILA00000PUS) for its eighth consecutive session of gains. Elsewhere in emerging markets, ratings agency Fitch downgraded Afreximbank to junk and withdrew future ratings - a final move in a relationship with the African lender that had become combative.</p>
<div class="lb-trans"><p>近期商品價格的飆升幫助提升了資源豐富的拉美國家礦業和生產企業的股票，使得 MSCI 的區域股票指數（.MILA00000PUS）有望迎來第八個連續交易日的上漲。在新興市場的其他地方，評級機構惠譽將 Afreximbank 的評級下調至垃圾級，並撤回未來的評級——這是與這家非洲貸款機構關係緊張的最終舉措。</p>
</div><p>Key Latin American stock indexes and currencies:</p>
<div class="lb-trans"><p>關鍵拉丁美洲股票指數和貨幣：</p>
</div><p>Latin American market</p>
<div class="lb-trans"><p>拉丁美洲市場</p>
</div><p>prices from Reuters</p>
<div class="lb-trans"><p>來自路透社的價格</p>
</div><p>Equities Latest Daily %</p>
<div class="lb-trans"><p>股票 最新 日漲幅 %</p>
</div><p>change</p>
<div class="lb-trans"><p>變動</p>
</div><p>MSCI Emerging Markets 1555.38 1.73</p>
<div class="lb-trans"><p>MSCI 新興市場 1555.38 1.73</p>
</div><p>(.MSCIEF)</p>
<div class="lb-trans"><p>(.MSCIEF)</p>
</div><p>MSCI LatAm (.MILA00000PUS) 3215.81 1.52</p>
<div class="lb-trans"><p>MSCI 拉美（.MILA00000PUS）3215.81 1.52</p>
</div><p>Brazil Bovespa (.BVSP) 185064.76 1.73</p>
<div class="lb-trans"><p>巴西 Bovespa（.BVSP）185064.76 1.73</p>
</div><p>Mexico IPC (.MXX) 69405.54 0.77</p>
<div class="lb-trans"><p>墨西哥 IPC（.MXX）69405.54 0.77</p>
</div><p>Chile IPSA (.SPIPSA) 11564.78 -0.53</p>
<div class="lb-trans"><p>智利 IPSA（.SPIPSA）11564.78 -0.53</p>
</div><p>Argentina Merval (.MERV) 3272785.8 0.88</p>
<div class="lb-trans"><p>阿根廷 Merval（.MERV）3272785.8 0.88</p>
</div><p>Colombia COLCAP (.COLCAP) 2510.7 0.58</p>
<div class="lb-trans"><p>哥倫比亞 COLCAP（.COLCAP）2510.7 0.58</p>
</div><p>Currencies Latest Daily %</p>
<div class="lb-trans"><p>貨幣 最新 日漲幅 %</p>
</div><p>change</p>
<div class="lb-trans"><p>變動</p>
</div><p>Brazil real (BRL=) 5.1861 -0.11</p>
<div class="lb-trans"><p>巴西雷亞爾（BRL=）5.1861 -0.11</p>
</div><p>Mexico peso (MXN=) 17.214 -0.50</p>
<div class="lb-trans"><p>墨西哥比索（MXN=）17.214 -0.50</p>
</div><p>Chile peso (CLP=) 854.69 0.28</p>
<div class="lb-trans"><p>智利比索（CLP=）854.69 0.28</p>
</div><p>Colombia peso (COP=) 3657.11 -1.04</p>
<div class="lb-trans"><p>哥倫比亞比索（COP=）3657.11 -1.04</p>
</div><p>Peru sol (PEN=) 3.3373 0.22</p>
<div class="lb-trans"><p>秘魯索爾（PEN=）3.3373 0.22</p>
</div><p>Argentina peso (interbank) 1440 0.34</p>
<div class="lb-trans"><p>阿根廷比索（銀行間）1440 0.34</p>
</div><p>(ARS=RASL)</p>
<div class="lb-trans"><p>(ARS=RASL)</p>
</div><p>Argentina peso (parallel) 1465 0.17</p>
<div class="lb-trans"><p>阿根廷比索（平行）1465 0.17</p>
</div><p>(ARSB=)</p>
<div class="lb-trans"><p>(ARSB=)</p>
</div>

新興市場——拉美外匯漲跌互現，股市在美聯儲決議前上漲