Core Viewpoint - The company maintains a stable overall capacity utilization rate and is closely monitoring exchange rate fluctuations to mitigate potential negative impacts on its revenue from foreign sales [1] Group 1: Company Performance - The overall capacity utilization rate of the company remains stable [1] - In the first half of 2025, foreign sales are expected to account for approximately 13% of the company's total revenue, primarily settled in USD and EUR [1] Group 2: Risk Management - The company is actively monitoring exchange rate trends and related policies to optimize currency conversion and avoid negative impacts from exchange rate volatility [1]

智通财经APP获悉，勃肯(BIRK.US)报告称，由于其价格昂贵的凉鞋和木屐需求强劲，销售额和利润均 有所增长，但同时预测未来一年的增长速度将放缓。该公司表示，截至9月份的三个月内，按固定汇率 计算，营收增长20%至5.26亿欧元(6.16亿美元)，略高于分析师的平均预期。但勃肯预计，2026财年销售 额增长至多15%，这意味着年营收最高可达23.5亿欧元，略低于预期。 勃肯首席执行官Oliver Reichert正试图以其稳健的增长策略来吸引投资者，确保消费者对勃肯鞋的需求 持续超过其产能，这使得公司能够提高鞋子的平均售价，避免降价促销。Reichert此前曾在年初给出保 守的财务预测，之后又上调了预测。 该公司表示，计划在 2026 年投资 1.1 亿欧元至 1.3 亿欧元用于资本支出，高于去年用于扩大产能的 8500 万欧元。该公司还表示，计划在 2026 财年回购 2 亿美元的股票，具体视市场情况而定。 尽管受到美国关税和汇率波动的影响，该公司在截至9月份的财年业绩仍超出预期。但该公司表示，预 计这些因素将在2026年继续产生影响。数据显示，2026年调整后收益可能超过7亿欧元，而分析师的平 均预期约 ...

（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：董秘好！请问公司目前产能利用率多少？境外产能是 否满产？公司出口产品受汇率波动影响对利润的影响多大？采用了什么样的对策？ 新亚电子（605277.SH）12月18日在投资者互动平台表示，公司整体产能利用率保持在稳定水平。2025 年上半年，公司外销业务占总营收约为13%，且主要以美元、欧元来结算，整体相对稳定。公司密切关 注汇率变化走势及相关政策，择优结汇，规避汇率波动带来的负面影响。 ...

Group 1 - ANZ forecasts Malaysia's GDP to grow by 4.5% in 2026, driven by strong domestic demand, AI-driven electronic exports, and prudent fiscal policies focusing on tax reform and spending restraint, with the ringgit expected to strengthen to 4.00 against the USD by year-end [1] - Maybank Securities predicts the Philippine peso may weaken in the second half of 2026 due to a stronger USD and ongoing domestic negative factors, including corruption scandals affecting government spending and foreign investment confidence, potentially leading to an additional 50 basis points rate cut by the central bank [1] - LPL Financial's chief economist suggests that current inflation above target is temporary, with demand cooling in the coming months expected to ease price pressures, providing relief for the market [1] Group 2 - Bank of America notes that tariffs are raising goods inflation while healthcare factors may lead to a slowdown in services inflation, potentially prompting the Federal Reserve to maintain rates in January [2] - Bank of America highlights India as a leading AI consumer market due to low data costs and a large young population, although local startups face increased competition from international giants [2] - Yuanta Bank's economist emphasizes that relying solely on non-core measures will not curb the depreciation of the Korean won, urging authorities to take substantial actions to stabilize the currency [2] Group 3 - Zerohedge reports that large withdrawals from JPMorgan are disrupting liquidity across the U.S., reminiscent of the 2019 repo market crisis, prompting the Federal Reserve to consider "light QE" measures [3] - State Street indicates that the recent weakness of the USD is primarily due to U.S. investors significantly reducing their overseas investment currency hedging, rather than foreign capital increasing U.S. asset holdings [3]

韩国央行行长李昌镛周三表示，目前的韩元兑美元汇率虽然不是传统意义上的金融危机，但从对物价和 不平等的影响来看，可以称之为一场危机。 责任编辑：于健 SF069 李昌镛当天在首尔举行的一次关于通胀情况的新闻发布会上表示，外汇供求不平衡是韩元走弱的主要原 因，并敦促国民年金公团（NPS）考虑其海外投资对宏观经济的影响。 李昌镛说："目前的外汇市场形势并不构成涉及金融机构倒闭或主权违约风险的传统金融危机。但它可 以被视为一场危机，因为汇率可能对通胀产生重大影响，并产生一种使社会凝聚变得更加困难的环 境。" "考虑到对经济增长两极分化加剧的担忧，目前的汇率水平并不让我们感到满意，"他补充道。 由于韩国投资者大举向海外投资，加上外国投资者在近期股价上涨后纷纷抛售韩国股票，韩元兑美元的 汇率一直徘徊在1450韩元以下。 有关部门已承诺采取适当措施确保市场稳定。韩国财政部和韩国央行周一宣布，将与国民年金公团签订 的外汇互换协议延长1年。 据悉，韩国央行已经恢复了与国民年金公团的货币互换交易，但具体时间和规模尚未公布。该协议的上 限为650亿美元。 "我认为NPS在启动或暂停货币套期保值的时机上不应那么透明，" 李昌镛表示。 ...

智通财经APP获悉，日本汽车行业工会负责人表示，他担心如果央行如市场普遍预期在周五上调基准利 率，此举可能会影响企业在下一财年提高工资的能力。日本汽车工会联合会主席Akihiro Kaneko周二在 接受采访时表示："如果日本央行的决定导致日元在周五后大幅升值，可能会影响企业信心。"他补充 说："剧烈的汇率波动会使出口商更难以实行涨薪，因为预期利润会消失。"同时他指出，如果变动温 和，企业应该能够适应。 Kaneko领导的工会上周公布了将于3月达到高潮的工资谈判的政策草案，声明将寻求每月最低12,000日 元(77.50美元)的基本工资增长。通过将该数字作为最低标准而非参考点，该工会的姿态较去年略有加 强。去年该工会争取到了9,520日元或3.58%的加薪，为1996年以来的最高水平。 与其他工会一样，Kaneko的组织也将在接下来的薪酬谈判中重点关注缩小大公司与小公司之间的工资 差距。根据9月发布的工会统计数据，在上一轮谈判中，员工人数少于300人的公司员工平均工资增长了 8,688日元，远低于员工人数在3000人及以上的大公司赢得的12,831日元。 新的工资目标表明，尽管包括美国更高关税在内的不利因素不 ...

小区楼下的券商营业部里，以前热闹得像菜市场，现在连客户经理都在低头刷手机；张大爷守着电脑看了大半天行情，屏幕上的成交量曲线平平无奇，忍不 住念叨："都说A股估值低，怎么外资就是不来？" 打开财经新闻，一边是"全球资本寻找价值洼地"，一边是A股"资金净流入乏力"，不少股民都纳闷：手里 的股票质地不差，政策也在吹暖风，为啥资本就是迟迟不进场？ 一、内外利差+汇率波动，外资"持币观望"有顾虑 资本都是"逐利的"，哪里收益稳、风险小就往哪去。之前美联储持续加息，美元资产的吸引力一直很高，而国内为了稳经济，货币政策相对宽松，中美利差 一度出现倒挂。虽然2025年美联储已经进行了六次降息，联邦基金利率降到3.50%-3.75%区间，但市场对后续利率走势分歧很大，19名美联储官员里只有少 数人支持继续降息，这种不确定性让外资不敢轻易动。 三、外资"挑肥拣瘦"，短期投机资金离场、长期配置资金在进场 很多股民觉得"外资没流入"，其实是没看清外资的结构分化。EPFR口径统计显示，海外主动基金（多为短期投机资金）自2023年开始加速流出A股，累计流 出超过160亿美元；但海外被动基金（多为长期配置资金）却在缓慢持续流入。这和国家的 ...

12月15日，本周即将公布的多项重要经济数据成为市场关注焦点，包括因美国政府停摆而延迟发布的10 月及11月非农就业报告、平均时薪增速以及失业率数据。这些劳动力市场指标将为评估经济运行状态提 供关键参考，进而影响市场对美联储1月会议决策的预期。此外，周四将公布的最新通胀数据同样备受 瞩目，通胀走势的边际变化将直接关系到货币政策的后续走向。在数据发布前夕，部分交易者采取了相 对谨慎的仓位管理策略，这在一定程度上抑制了价格的单边波动幅度。 从资金流向角度分析，黄金交易所交易基金持续录得净流入，反映出机构投资者对贵金属配置需求的持 续性。各国央行购金行为同样构成了金价的结构性支撑因素，全球储备资产多元化趋势推动央行层面对 黄金的战略性增持。此外，部分投资者将资金从主权债券与货币市场转向贵金属的趋势有所延续，这一 现象与对冲通胀风险、规避汇率波动以及寻求资产保值的多元化需求密切相关。美元走势方面，美元指 数近期呈现震荡偏弱格局，十年期美债收益率回落至4%附近区间，均对以美元计价的黄金价格形成间 接支撑。 技术面：周初看黄金的强势延续性。早盘开盘，黄金在4300之上运行，很明显，黄金保持绝对的强势， 按照上周五的435 ...

Core Viewpoint - The divergence in monetary policy between the Federal Reserve and the Bank of Canada has led to increased volatility in the USD/CAD exchange rate, influenced by economic data and trade uncertainties [1][2]. Group 1: Monetary Policy Divergence - The Bank of Canada maintained its overnight rate at 2.25%, indicating a hawkish stance and suggesting the end of the rate-cutting cycle, supported by strong economic data such as a 53,000 increase in employment and a GDP growth of 2.6% in Q3 [1]. - The Federal Reserve cut its rate by 25 basis points to 3.6%, the lowest in nearly three years, with indications of potential further cuts in 2026, raising concerns about economic slowdown and diminishing the dollar's attractiveness [1]. Group 2: Economic Indicators - Canada's unemployment rate fell to 6.5%, and residential construction grew by 6.7%, showcasing economic resilience despite concerns over household consumption [1]. - Oil prices have dropped by 15.2% in 2025, impacting Canada's crude oil export revenues and weakening support for the Canadian dollar [2]. Group 3: Trade and Investment Uncertainties - The U.S. tariffs on Canadian steel and aluminum products have negatively affected related industries, contributing to investment uncertainties in Canada [2]. - The review of the USMCA (United States-Mexico-Canada Agreement) adds further uncertainty to trade dynamics, particularly affecting Canadian exports to the U.S. [2]. Group 4: Technical Analysis and Predictions - The USD/CAD exchange rate is currently experiencing a weak oscillation around the 1.3800 mark, with technical indicators suggesting potential downward movement [2]. - Short-term predictions for the USD/CAD exchange rate are set between 1.3740 and 1.3830, with key resistance at 1.3890 and support levels at 1.3740 and 1.3680 [2].

Group 1 - The USD/CAD exchange rate is currently at 1.3853, showing a slight increase of 0.0001 from the previous trading day, with a fluctuation range indicating stability in the market [1] - Recent Canadian employment data exceeded expectations, reinforcing the Bank of Canada's strong policy stance, which supports the Canadian dollar [1] - Global trade concerns are affecting the Canadian export environment, limiting the appreciation potential of the Canadian dollar [1] Group 2 - The USD/CAD pair is experiencing a balance of forces, with key resistance at 1.3875 and support at 1.3800, indicating a potential range-bound movement [2] - Technical indicators suggest a market in a wait-and-see mode, with MACD convergence and RSI in a neutral zone [2] - Upcoming U.S. employment data and central bank policy decisions are expected to influence short-term volatility in the USD/CAD exchange rate [2]