Investors are slowly but surely preparing themselves for higher rates as　　

equity markets suffered a blow yesterday,the dollar continued to appreciate or at least hovered around its recent highs and the US 2 year Treasury yield reached its highest level since the first half of 2011.With the first dissenter sitting on the FOMC showing his cards on Wednesday and further decent economic data the majors that have seen the most gains against the dollar in recent months,namely sterling and the euro,are up against considerable headwinds now.The euro in particular following the lower than expected inflation data yesterday and for now the 1.3370 level remains near term support but we are perilously close to that and a test of this level can’t be ruled out especially if nonfarm payrolls today comes in higher than the 233k expected.　　

投资者在缓慢但是在确定地准备迎接加息，因为昨天股票市场受到了打击；美元继续升值，或者说至少是在高点附近徘徊。而美国的两年期国债收益也达到了自2011年上半年以来的最高水平。由于周三FOMC会议上第一个持不同意见者终于摊派，而经济数据也持续变好，最近几个月主要货币针对美元都上涨不少，特别是英镑和欧元。这两个货币目前都顶着很大的逆风前行。尤其是欧元因为昨天的通胀数据比预期要差也跟着下降，而1.3370是近期内的支撑点。不过我们也身处险境。如果今天的非农就业数字比预期的23万3千要高，那么要突破这个水平基本是不太可能了　　

Overnight the Aussie softened further to add to its own losses against the dollar following weaker than expected producer prices and Chinese manufacturing data.AUDUSD is now back below 0.9300,almost a 2 month low,but we are likely to see the RBA’s rhetoric continue to try and keep a lid on the Aussie.　　

昨天澳元进一步软化，更增加了对美元的损失；而之前的生产者价格和中国对制造业数据比预期要疲软。澳元美元现在回到了0.9300之后，几乎到了两个月的低点；不过澳洲联储的雄辩能力可能会继续尝试压制澳元。　　

Ahead of nonfarm payroll,the highlight of today’s session,there’s a raft of manufacturing PMIs from across Europe and the UK.All are expected to either increase or as a minimum rise,except for France that is forecast to dip to 47.6.Then the focus will be on the nonfarm figure,but also importantly average earnings due to come in at 0.2%.Disappointing figures could lead to a bit of profit taking in the dollar,which by a number of measures looks a little over bought in the short-term。　　

今天的亮点，非农就业数据发布之前，欧洲和英国也大量制造业数据发布。这些数据都可能会有小幅上升，例外就是法国的数据可能会下降到47.6。下一个焦点就是非农就业数据，同样重要的平均收入也啃呢个上涨0.2%。如果数据令人失望，可能会导致美元出现一些获利行为。而美元短期内似乎会出现一些过卖的情况。