亚洲外汇观察 · 聚焦非农就业数据

关键论点

• 美国非农就业数据公布前美元保持坚挺，DXY报102.00，因投资者偏好美国增长与收益率题材。
• 美国经济活动数据保持韧性：初请失业金人数降至19.7万，8月建筑支出环比升0.9%；ISM制造业仅微降至54.5，价格支付分项跃升至77.9。
• 亚洲数据总体向好，韩国9月出口同比增83.5%，韩国、日本和越南制造业PMI均处于扩张区间。
• 若非农数据疲软，可能压低美债收益率，使区域基本面改善更能提振科技相关亚洲货币（韩元、新台币、林吉特、新元）；若数据强劲，则美元和美债收益率获支撑，限制亚洲货币涨幅。

对应原文证据

1. 1 Asia FX Talk │2 October 2026 Asia FX Talk Focus on Nonfarm Payrolls 2 October 2026 Market Highlights The USD remained firmly supported ahead of tonight's nonfarm payrolls report, with the DXY briefly climbing to its highest level since May 2025 as investors continued to favour the US growth and yield story. · October 2026
2. While this week's softer inflation data reduced expectations for an October Fed hike, inflation remains above the 2% target, and incoming activity indicators continue to point to a resilient US economy. · this week
3. Elevated Treasury yields helped sustain broad USD demand, with most Asia FX weakening against the US dollar despite generally constructive regional data.