格隆汇1月26日｜美元指数跌至四个月以来新低；最新下跌0.33%，报96.9。 ...

北京商报讯（记者廖蒙）1月26日，中国人民银行授权中国外汇交易中心公布，当日银行间外汇市场人民币汇率中间价为1美元对人民币6.9843元，相较前一 交易日中间价6.9929调升86基点。人民币汇率中间价连续两个交易日大幅升值，续创2023年5月17日以来新高。 就在上一交易日（1月23日），人民币对美元中间价调升90基点至6.9929，单日升值幅度创2025年8月25日以来最大。这也是人民币中间价时隔两年半再度实 现"破7"。2026年以来，人民币汇率中间价累计调升445基点。 就在2025年末，离岸人民币、在岸人民币对美元汇率走出一波明显升值态势，相继突破7.0整数关口。进入2026年以后，离岸人民币、在岸人民币对美元汇 率小幅升值，整体围绕6.9上下波动。 1月26日，在岸人民币、离岸人民币对美元汇率盘中再创阶段性新高，整体表现不一。其中，在岸人民币盘中最高升至6.9539，为2023年5月17日以来新高； 更多反映国际投资者预期的离岸人民币对美元汇率盘中最高升至6.9445，创下2023年5月13日以来的新高，但随后走弱并跌至6.95关口下方。 截至当日18时25分，在岸人民币对美元报6.9542，日内 ...

北京商报讯（记者 廖蒙）1月26日，中国人民银行授权中国外汇交易中心公布，当日银行间外汇市场人民币汇率中间价为1美元对人民币6.9843元，相较前一 交易日中间价6.9929调升86基点。人民币汇率中间价连续两个交易日大幅升值，续创2023年5月17日以来新高。 从概念上看，人民币中间价是每日人民币对美元"基准锚"，用于约束银行间市场波动区间，并指导银行对客挂牌汇价，其并非实际成交价格，而是加权平均 的参考价。因此，人民币中间价更多被市场视为观察人民银行释放政策信号的关键窗口。 东方金诚首席宏观分析师王青表示，2025年12月以来，人民币对美元中间价已持续向偏弱方向调控，旨在引导市场预期，防范短期内人民币过快升值或持续 出现单边走势。近期人民币对美元中间价升值"破7"后仍然保持强劲走势，主要受市场汇价持续走强推动。 王青进一步表示，近期美元指数出现一轮快速下行，带动包括人民币在内的非美货币普遍升值。同时年底前后，企业结汇需求增加，也在带动人民币季节性 走强。叠加这段时间汇市情绪偏高，成为助推人民币走势偏强并于近期"破7"的一个重要因素。 就在上一交易日（1月23日），人民币对美元中间价调升90基点至6.992 ...

General Information - Report Title: Exchange Rate High-Frequency Tracking [1] - Analysts: Zhang Jing (Qualification No. F3022617, Investment Consultation No. Z0013604), Cheng Xiaoqing (Qualification No. F3083989, Investment Consultation No. Z0018635) [2] Report Core View - The recent upward movement of the 10V US Treasury yield and dollar fluctuations are mainly due to three factors: the risk of a stronger US Treasury yield caused by a stable US labor market and strong inflation; the tariff uncertainty from the "Greenland conflict" reigniting concerns about de-dollarization; and the spillover effect of Japanese bond yields. If inflation remains at a relatively high level and the labor market stays in a "low-speed balance," the short-term path of Fed monetary easing may be unsupported, and the dollar index may show a "weak first, then strong" pattern [2] Summary by Related Content Exchange Rate Core Logic - The risk of a stronger US Treasury yield is due to a stable US labor market, especially the unemployment rate, and strong inflation. As the PMI employment index and initial jobless claims have not deteriorated significantly, the market's expectation of this year's interest rate cut has been postponed [2] - The "Greenland conflict" has led to tariff uncertainty, reigniting concerns about de-dollarization. Trump's policies have affected some sovereign investors' asset allocation decisions, and if policy uncertainty persists, it may lead to a broader reevaluation of US Treasury asset allocation by international capital [2] - The spillover effect of Japanese bond yields: On January 19, Kao Ichimasa announced the dissolution of the parliament for early elections and proposed more radical tax cuts, causing market concerns about the deterioration of Japan's fiscal situation. Poor Japanese bond auction results have also deepened concerns about long-term bond demand [2] Economic Index Tracking - The difference between the US and European Citi Economic Surprise Index has rebounded [3] - The difference between the US and European long-term inflation expectations is in a certain range [5] - The difference between the US and European short-term interest rate expectations has increased [7] - The US long-term inflation expectation has risen [7] - The US short-term interest rate expectation has changed [9] - The VIX index has fallen back to a low level [11] - The euro swap basis shows that the pressure on cross-border dollar liquidity is limited [13] - The CFTC net position shows that the dollar maintains a net negative position exposure [17] - The term spread continues to narrow when looking at US Treasury deficit concerns and the dollar trend from the 30 - 10Y spread (in reverse order) and the 10Y swap spread [19] Correlation with Other Assets - There is a certain relationship between the dollar index and the gold-to-copper ratio [24] - There is a relationship between the dollar and copper prices, and copper prices have changed [27] - There is an inverse relationship between the dollar and crude oil prices, and crude oil prices have changed [29] - There is a relationship between the US dollar-yuan central parity rate and the spot exchange rate [35]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 华夏时报 1月26日，A股集体调整。截至收盘，沪指跌0.09%，深成指跌0.85%，创业板指跌0.91%，北证50指数跌 1.45%，沪深京三市成交额32806亿元，较上日放量1625亿元，三市超3700只个股飘绿。 科创AI ETF一度上涨2%至翻绿。与此同时，红利板块由跌转涨，市场上涨个股数量亦减少至1604只。 贵金属板块逆市大涨，中金黄金、西部黄金等多股涨停。消息面上，现货黄金价格首次突破5000美元大 关，现货白银突破110美元。 代表风险偏好的两大变量集体来袭。一是地缘风险加剧和美元指数杀跌背景之下，金银期货、现货大 涨，引导了资金流向；二是热门股集体跳水，卫星ETF大跌近5%，炒作显著退潮。 值得注意的是，尾盘集合竞价多只权重股再现巨额压单，其中紫金矿业压单金额超40亿元，中国平安、 江西铜业、中国中免、山东黄金、万华化学、贵州茅台压单金额超4亿元。 此前在2026年1月14日，招商银行、紫金矿业、长江电力等多股压单金额超10亿元。 新浪合作大平台期货开户 安全快捷有保障 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此 ...

来源：中国证券报-中证网 2026年开年，国际贵金属市场迎来"大爆发"。 1月26日，伦敦现货黄金冲破5000美元/盎司，逼近5100美元/盎司，伦敦现货白银更是一举升破109美元/盎司，双双创下历史新高。 南华期货贵金属新能源研究组负责人夏莹莹表示，本轮贵金属价格上行主要由三重逻辑共振驱动：其一，地缘风险溢价持续发酵，叠加欧洲因关税争端抛 售美债，对美元汇率构成边际压制；其二，政策不确定性加剧，进一步推升市场避险情绪，强化了贵金属的配置需求；其三，美元弱势形成共振，美债遭 抛售的压力直接拖累美元指数走弱，为贵金属价格上涨提供了强劲动能。 国投期货高级分析师刘冬博表示，美联储主席换届、地缘冲突前景、贸易摩擦谈判等令全球宏观走向极具不确定性。大变局背景下，黄金是对冲货币贬值 以及系统性风险的重要选择，更是金融体系中重要的战略性配置工具。 贵金属市场仍处易涨难跌格局 就当前行情而言，刘冬博表示，2025年黄金价格年度涨幅达到1979年以来最高，对比历史牛市行情，此轮行情依然具备向上空间。此前各大国内外机构普 遍给出的5000美元/盎司目标已经实现，后续金价具备继续向更高维度冲击的潜力。 业内人士表示，美欧地缘博弈 ...

Core Viewpoint - The GBP/USD currency pair has shown a slight pullback after a period of upward movement since September 2024, with the recent price action indicating a stable upward trend despite minor corrections [1][3]. Group 1: Market Performance - The current spot price of GBP/USD maintains a moderate daily increase, trading above the 1.3600 level, indicating a robust upward trajectory [3]. - The performance of GBP/USD is closely linked to the recent weakness of the US dollar, which has provided direct support for the currency pair [3]. - The US dollar index has dropped to a four-month low, reflecting a temporary adjustment in market confidence towards the dollar, which has indirectly boosted GBP/USD [3]. Group 2: Economic Indicators - Market expectations suggest that the Federal Reserve may implement two more rate cuts within the year, which has been a significant factor pressuring the dollar and diminishing its attractiveness [3]. - Recent UK economic data has outperformed market expectations across key areas such as consumption and production, alleviating concerns about potential rate cuts by the Bank of England and further supporting the GBP [3]. Group 3: Market Uncertainty - There are notable short-term uncertainties that could affect the GBP/USD trend, particularly with the upcoming FOMC policy decision, which is crucial for determining the dollar's short-term price movements [4]. - Investors are adopting a cautious approach ahead of the FOMC announcement, leading to a temporary rebound in the dollar that has slightly hindered the upward movement of GBP/USD [4]. - The contrasting positive UK economic data and the Fed's rate cut expectations remain the core logic supporting the currency pair, with upcoming economic data releases being key variables to monitor [4].

Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Report's Core View - On January 23, platinum and palladium prices rose overall, with platinum outperforming palladium. The PT2606 contract closed up 10.39% to 685.9 yuan/gram, and the PD2606 contract closed up 3.98% to 497.95 yuan/gram [6]. - Geopolitical risks are intensifying, increasing market risk - aversion demand. The weakening of the US dollar index also supports platinum and palladium prices. Fundamentally, there are no significant changes. High overseas platinum spot lease rates indicate its shortage, but the US decision to postpone import tariffs on key minerals may limit their upside potential [6]. - In the short - term, platinum and palladium prices are expected to be strong but with large fluctuations. In the long - term, platinum has a supply - demand gap while palladium tends to have a loose supply. The strategy suggests unilateral bottom - fishing for platinum or the [long platinum, short palladium] arbitrage strategy [6]. Group 3: Summary by Relevant Catalog Domestic Prices - Platinum futures main contract closing price: 685.9 yuan/gram, up 8.21% from the previous value [4]. - Spot platinum (99.95%): 672.5 yuan/gram, up 8.73% [4]. - Platinum basis (spot - futures): - 13.4 yuan/gram, down 12.70% [4]. - Palladium futures main contract closing price: 497.95 yuan/gram, up 2.94% [4]. - Spot palladium (99.95%): 483.5 yuan/gram, up 4.09% [4]. - Palladium basis (spot - futures): - 14.45 yuan/gram, down 24.94% [4]. International Prices - London spot platinum: 2656.3 dollars/ounce, up 7.60% [4]. - London spot palladium: 1904.886 dollars/ounce, up 2.77% [4]. - NYMEX platinum: 2654 dollars/ounce, up 7.50% [4]. - NYMEX palladium: 1954.5 dollars/ounce, up 3.77% [4]. Internal - External 15 - Point Spread - Dollar/yuan central parity rate: 6.9929, down 0.13% [4]. - Spread between Guangdong platinum and London platinum: 11.06 yuan/gram, up 89.14% [4]. - Spread between Guangdong platinum and NYMEX platinum: 11.64 yuan/gram, up 100.41% [4]. - Spread between Guangdong palladium and London palladium: 12.23 yuan/gram, up 14.49% [5]. - Spread between Guangdong palladium and NYMEX palladium: 1.40 yuan/gram, down 69.70% [5]. Ratios - Guangzhou Futures Exchange platinum/palladium ratio: 1.3774, up 0.0672 [5]. - London spot platinum/palladium ratio: 1.3945, up 0.0626 [5]. Inventory - NYMEX platinum inventory: 662,888 troy ounces, unchanged [5]. - NYMEX palladium inventory: 216,266 troy ounces, unchanged [5]. Positions - NYMEX total platinum position: 78,337, up 0.86% [5]. - NYMEX non - commercial net long position in platinum: 15,124, down 14.04% [5]. - NYMEX total palladium position: 19,167, down 1.62% [5]. - NYMEX non - commercial net long position in palladium: 1,225, down 27.51% [5].

1月26日｜美元指数跌0.42%。美元兑日元跌0.89%报154.32，欧元兑美元上涨0.4%报1.1873。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com ...

Group 1 - The Nasdaq futures fell over 1% and the S&P 500 index futures dropped by 0.75% [1] - U.S. natural gas futures prices increased by 16% due to the impact of a winter storm [1] - Spot gold surpassed the $5000 per ounce mark, while spot silver briefly exceeded $106 per ounce, gaining nearly 3% during the day [1] Group 2 - The U.S. dollar index declined by 0.52%, with the euro rising by 0.52% against the dollar to 1.1888 [1] - The dollar to yen exchange rate fell by 0.89% to 154.32, currently reported at 154.77, as the market remains alert to potential intervention by the Japanese government in the currency market [1]