节中离岸人民币汇率狂飙！市场格局悄然发生变化

Group 1 - The offshore RMB market experienced a significant rise during the May Day holiday, indicating a shift in market dynamics and attracting widespread attention [1][3] - The rise in offshore RMB against the USD was driven by optimistic expectations regarding tariffs and trade relations, breaking the previous inverse correlation between RMB and USD amid trade tensions [3][4] - The easing of trade frictions, such as the US exempting Canada and Mexico from certain tariffs, has contributed to a more optimistic market sentiment, bolstered by resilient economic data from the US [4][6] Group 2 - The recovery of sentiment towards USD assets has led to a capital inflow back to the US, supported by strong earnings reports from major tech companies and anticipated stock buybacks exceeding $1 trillion this year [6][7] - The offshore RMB's strong performance, with a notable increase of nearly 700 points, reflects its strength against a basket of currencies, indicating a positive market outlook regarding trade tensions [7][10] - The Hong Kong stock market also showed strong performance, with the Hang Seng Index rebounding significantly, driven by positive sentiment and active buying from southbound funds in growth stocks [9][10] Group 3 - Ongoing trade negotiations and policy dynamics will continue to shape market conditions, with potential impacts on the RMB's value and China's economic policies [10][11] - The implementation of proactive macroeconomic policies in China, as emphasized in recent political meetings, will be crucial for stabilizing market expectations and supporting domestic demand [9][10]