失業救濟人數上升，美元暴跌，提振比特幣和股票

美國初請失業金人數的增加導緻美元價值出現負面反應，導致比特幣和股市上漲。美元指數 (DXY) 下跌 0.45%，而標準普爾 500 指數則接近歷史新高。受惠於美國就業市場疲軟以及聯準會降息預期，比特幣也上漲了 2.5%。

Dollar Declines on Jobless Claims Uptick, Boosting Bitcoin and Equities

美元因初請失業金人數上升而下跌，提振比特幣和股票

In a significant market development, the U.S. dollar has undergone a notable depreciation following an increase in jobless claims, positively impacting both bitcoin and equity markets. Analysts attribute this inverse correlation to a growing perception of softening economic growth in the United States.

在一個重大的市場發展中，隨著申請失業救濟人數的增加，美元顯著貶值，對比特幣和股票市場產生了積極影響。分析師將這種負相關歸因於人們對美國經濟成長疲軟的看法日益增強。

Traders witnessed a notable 0.45% decline in the U.S. Dollar Index (DXY) from its Thursday peak of 105.73, reaching 105.25. This retreat coincided with the release of U.S. unemployment figures, highlighting a modest rise in new jobless claims last week.

交易員目睹美元指數 (DXY) 從週四高點 105.73 大幅下跌 0.45%，至 105.25。此次回落恰逢美國失業數據公佈，突顯上週新增失業救濟人數小幅上升。

Equity markets, conversely, demonstrated resilience amidst the economic data. The S&P 500 traded within 1% of its record high, ending the trading day on Thursday with a 0.85% gain for the Dow Jones, a 0.51% increase for the S&P 500, and a 0.27% uptick for the Nasdaq Composite.

相反，股票市場在經濟數據的背景下表現出彈性。標準普爾 500 指數與歷史高點相差 1%，週四收盤，道瓊斯指數上漲 0.85%，標準普爾 500 指數上漲 0.51%，納斯達克綜合指數上漲 0.27%。

Bitcoin also experienced a surge, rising 2.5% over the previous 24 hours, reaching $62,927 at 9:06 a.m. ET. This positive performance aligns with the broader market sentiment toward riskier assets.

比特幣也經歷了飆升，在過去 24 小時內上漲了 2.5%，於東部時間上午 9:06 達到 62,927 美元。這種正面的表現與更廣泛的市場對風險資產的情緒一致。

"U.S. rates appear to have peaked on April 30, with a minus 20bps reduction in the U.S. two-year yield to reflect lower growth expectations. Since then, the DXY has declined by 1% and bitcoin has risen by 8%," observed Aurelie Barthere, Principal Research Analyst at Nansen.ai.

Aurelie 表示：「美國利率似乎在4 月30 日達到頂峰，美國兩年期公債殖利率下降了負20 個基點，以反映較低的成長預期。此後，美元指數下跌了1%，比特幣上漲了8%。

Francesco Pesole, FX strategist at ING bank, noted that "the negative dollar reaction to a modest tick-up in U.S. jobless claims indicates that the generally overbought dollar remains susceptible to even slightly weaker U.S. data releases." He further suggested that "markets may now be more decisively aligning with the narrative of a softening U.S. jobs market."

ING銀行外匯策略師Francesco Pesole指出，“美元對美國初請失業金人數小幅上升的負面反應表明，普遍超買的美元仍然容易受到美國數據發布甚至略微疲軟的影響。”他進一步表示，“市場現在可能更加果斷地與美國就業市場疲軟的說法保持一致。”

The weaker dollar has coincided with emerging signs of a cooling labor market in the United States, as evidenced by the recent employment data. This development raises the possibility of rate cuts from the Federal Reserve sooner than anticipated, further pressuring the dollar.

美元走軟恰逢美國勞動市場降溫的跡像出現，最近的就業數據證明了這一點。這一事態發展增加了聯準會比預期更早降息的可能性，進一步令美元承壓。

The prospect of lower interest rates and a weaker DXY could entice investors to shift their capital from safer assets like bonds to riskier options such as equities and cryptocurrencies. However, Barthere cautions that any prolonged downturn in the dollar could potentially impact credit markets and risk assets adversely.

利率下降和美元指數走弱的前景可能會吸引投資者將資金從債券等更安全的資產轉向股票和加密貨幣等風險更高的選擇。然而，巴爾特警告說，美元的任何長期低迷都可能對信貸市場和風險資產產生不利影響。

"Investors should remain vigilant for potential indicators of heightened growth weakness, which would not favor risk assets such as cryptocurrencies, as both equities and credit are historically overvalued and carry significant risk premiums," Barthere emphasized.

巴特爾強調：“投資者應對成長疲軟加劇的潛在指標保持警惕，這不會有利於加密貨幣等風險資產，因為股票和信貸歷來都被高估，並帶有巨大的風險溢價。”

The recent uptick in jobless claims further substantiates the slowing employment narrative in the U.S. The weekly report from the Labor Department revealed an increase in new claims for unemployment benefits to their highest level in over eight months. This data follows a disappointing jobs report last Friday, which showed employers adding only 175,000 jobs in April, falling short of economists' forecasts of 243,000.

最近申請失業救濟人數的上升進一步證實了美國就業放緩的情況。該數據是在上週五發布的令人失望的就業報告之後發布的，該報告顯示雇主 4 月僅增加了 175,000 個就業崗位，低於經濟學家預測的 243,000 個。

Overall, the market is reacting favorably to signs of a softening U.S. economy, with risk assets like bitcoin and equities benefiting from the dollar's depreciation. However, analysts caution that investors should proceed with prudence, as a sustained downturn in the dollar could have broader implications for credit markets and riskier assets.

整體而言，市場對美國經濟疲軟的跡象反應良好，比特幣和股票等風險資產受益於美元貶值。不過，分析師警告稱，投資者應謹慎行事，因為美元持續低迷可能對信貸市場和風險資產產生更廣泛的影響。