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<p>拉丁美洲貨幣和股票因中東衝突升級和美元普遍走強而回落，投資者紛紛遠離風險資產，智利比索受到的打擊尤為嚴重，儘管數據顯示貿易順差超出預期。</p>
<p>追蹤該地區上市股票的 MSCI 指數下跌了 0.57%，正朝着連續第三個交易日下跌的方向發展。</p>
<p>本地上市公司的股票普遍下跌。</p>
<h2>智利的貿易順差未能提振比索</h2>
<p>智利在三月份錄得 30.6 億美元的貿易順差，超過分析師預期的 26.5 億美元，主要由於銅等商品出口超過了工業品進口。</p>
<p>然而，強於預期的數據對比索的支持作用有限，因為與中東衝突相關的風險厭惡情緒和美元強勢壓倒了任何積極的國內信號。</p>
<p>根據 Pantheon Macroeconomics 的首席拉美經濟學家 Andres Abadia 的説法，這一走勢反映的不僅僅是標準的風險規避情形。</p>
<p>“對石油和美元同時衝擊的結構性脆弱性已被暴露，短期前景看起來非常嚴峻，” 他説。</p>
<p>智利中央銀行保持中性的利率政策，儘管預計更高的燃料成本將在未來幾個月增加通脹壓力。</p>
<h2>墨西哥情緒惡化，創下新低</h2>
<p>墨西哥比索兑美元跌至新低，下降 0.67%，至每美元 44.30，拖累拉丁美洲貨幣指數下跌 0.28%。</p>
<p>墨西哥證券交易所連續第三個交易日下跌，損失 1.08%。</p>
<h2>哥倫比亞小幅上漲，政策分歧</h2>
<p>哥倫比亞比索逆勢上漲 0.12%，因該國中央銀行在政府反對的情況下提高了利率。</p>
<p>預計加息將吸引資本流入，儘管中央銀行與政府之間的政策衝突增加了哥倫比亞制度信譽的不確定性。</p>
<h2>巴西、阿根廷及更廣泛的新興市場動態</h2>
<p>巴西雷亞爾下跌 0.59%，阿根廷比索下滑 0.07%。</p>
<p>對新興市場貨幣的廣泛壓力超出了拉丁美洲，印尼盧比首次跌破每美元 17,100，土耳其里拉、印度盧比、南非蘭特、台幣和菲律賓比索也出現了損失。</p>
<p>能源價格疲軟加劇了拋售，投資者全球範圍內減少了對風險資產的敞口。</p>
<h2>地緣政治使投資者保持謹慎</h2>
<p>中東衝突已進入第六週，繼續主導市場情緒。</p>
<p>強勢美元仍然是該地區風險資產面臨的最直接壓力來源，投資者在重新調整之前，正等待關於衝突走向及其對全球石油供應影響的更清晰信號。</p>
<p>智利比索儘管有貿易順差仍下跌，拉美外匯感受到美元壓力的文章首次出現在 Invezz 上。</p>

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新興市場貨幣 做多 - WisdomTree

彭博美元指數 做多 - WisdomTree

<p>拉丁美洲貨幣，包括智利比索，因美元走強和中東衝突升級而下跌，投資者紛紛遠離風險資產。儘管智利在三月份實現了 30.6 億美元的貿易順差，超出預期，但比索因風險厭惡而承壓。該地區的 MSCI 指數下跌 0.57%，連續第三個交易日錄得虧損。墨西哥比索創下新低，而哥倫比亞比索在加息後上漲。由於地緣政治緊張局勢和能源價格疲軟，廣泛的新興市場貨幣也面臨壓力</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>拉丁美洲貨幣和股票因中東衝突升級和美元普遍走強而回落，投資者紛紛遠離風險資產，智利比索受到的打擊尤為嚴重，儘管數據顯示貿易順差超出預期。</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>追蹤該地區上市股票的 MSCI 指數下跌了 0.57%，正朝着連續第三個交易日下跌的方向發展。</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>智利的貿易順差未能提振比索</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>智利在三月份錄得 30.6 億美元的貿易順差，超過分析師預期的 26.5 億美元，主要由於銅等商品出口超過了工業品進口。</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，強於預期的數據對比索的支持作用有限，因為與中東衝突相關的風險厭惡情緒和美元強勢壓倒了任何積極的國內信號。</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>根據 Pantheon Macroeconomics 的首席拉美經濟學家 Andres Abadia 的説法，這一走勢反映的不僅僅是標準的風險規避情形。</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>“對石油和美元同時衝擊的結構性脆弱性已被暴露，短期前景看起來非常嚴峻，” 他説。</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>智利中央銀行保持中性的利率政策，儘管預計更高的燃料成本將在未來幾個月增加通脹壓力。</p>
</div><h2>Mexico hits a fresh low as sentiment sours</h2>
<div class="lb-trans"><h2>墨西哥情緒惡化，創下新低</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，拖累拉丁美洲貨幣指數下跌 0.28%。</p>
</div><p>The Mexico Stock Exchange fell for a third consecutive session, losing 1.08%.</p>
<div class="lb-trans"><p>墨西哥證券交易所連續第三個交易日下跌，損失 1.08%。</p>
</div><h2>Colombia edges higher as policy diverges</h2>
<div class="lb-trans"><h2>哥倫比亞小幅上漲，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>哥倫比亞比索逆勢上漲 0.12%，因該國中央銀行在政府反對的情況下提高了利率。</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>預計加息將吸引資本流入，儘管中央銀行與政府之間的政策衝突增加了哥倫比亞制度信譽的不確定性。</p>
</div><h2>Brazil, Argentina and wider emerging market moves</h2>
<div class="lb-trans"><h2>巴西、阿根廷及更廣泛的新興市場動態</h2>
</div><p>Brazil's real fell 0.59%, and Argentina's peso slipped 0.07%.</p>
<div class="lb-trans"><p>巴西雷亞爾下跌 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>對新興市場貨幣的廣泛壓力超出了拉丁美洲，印尼盧比首次跌破每美元 17,100，土耳其里拉、印度盧比、南非蘭特、台幣和菲律賓比索也出現了損失。</p>
</div><p>Energy price weakness exacerbated the sell-off as investors reduced exposure to risk assets globally.</p>
<div class="lb-trans"><p>能源價格疲軟加劇了拋售，投資者全球範圍內減少了對風險資產的敞口。</p>
</div><h2>Geopolitics keeps investors cautious</h2>
<div class="lb-trans"><h2>地緣政治使投資者保持謹慎</h2>
</div><p>The Middle East conflict, now entering its sixth week, continues to dominate market sentiment.</p>
<div class="lb-trans"><p>中東衝突已進入第六週，繼續主導市場情緒。</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>強勢美元仍然是該地區風險資產面臨的最直接壓力來源，投資者在重新調整之前，正等待關於衝突走向及其對全球石油供應影響的更清晰信號。</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>智利比索儘管有貿易順差仍下跌，拉美外匯感受到美元壓力的文章首次出現在 Invezz 上。</p>
</div>

儘管智利出現貿易順差，但智利比索仍下跌，因為拉丁美洲的外匯市場感受到美元走強的壓力