中间价方面，2月12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6.9457元，相较前一交易日中间价6.9438，调贬19基点。 2月12日，人民币对美元即期汇率以6.9083开盘后走高，盘中升破6.90关口，截至记者发稿，盘中最高升 至6.8998，创下2023年5月4日以来新高。 不过王青提示，汇率"测不准"，外贸企业切忌在人民币汇率波动过程中单边押注，要坚守主业，适度利 用各类外汇市场衍生品工具，控制汇率风险敞口，锁定出口收入，稳定经营预期。对居民来说，换汇更 应以实需为原则。 图片来源：IC photo 来源：北京日报客户端 记者：潘福达 最后，年底前后，企业结汇需求增加，也在带动人民币季节性走强，特别是近期人民币对美元持续升值 后，此前出口高增累积的结汇需求有可能在加速释放。值得一提的是，以离岸人民币领涨为标志，这段 时间汇市情绪偏高，也在成为助推人民币走势偏强的一个重要因素。 短期来看，考虑到一季度我国出口还会保持较快增长，企业结汇需求有可能持续释放，市场情绪偏高， 再加上短期内美元指数大幅反弹的可能性不大，预计春节前后人民币还会处在一个偏强运行状 ...

"山雨欲来风满楼"，近日美国非农就业数据如一颗重磅炸弹投入金融市场，引发连锁反应，而铝市也在 这场风暴中面临新的变局，价格上方承压，进入震荡格局。 周四，沪铝主力2603合约窄幅震荡，截止10:15分休盘报价每吨23560元，下跌15元，跌幅0.06%；早间 市场交投冷淡，持货商出货压力较大，下游企业多数放假，仅剩部分及散户如实观望，询价寥寥，整体 成交氛围表现孱弱。长江有色金属网数据显示，长江现货A00铝锭报价每吨23360元，下跌100元，现货 报贴水205元； 需求端则呈现出一片"萧瑟"景象。随着春节临近，下游商家陆续放假，市场交投愈发清淡。下游铝加工 企业基本进入假期停工状态，现货市场活跃度明显下降。春节前金融市场交易活跃度降低，沪铝持仓量 前期自高位回落后未现回升，进一步反映出市场参与热情的降温。 库存方面，铝锭社库累积，成为铝价上方的又一座"大山"。春节前现货补库不足，抑制了市场交投，使 得铝价在供应增加和需求疲软的双重夹击下，上行动力匮乏。 价格走势：窄幅震荡，多空博弈"暗流涌动" 受非农数据和基本面因素共同影响，沪铝多数合约承压后呈震荡走势。隔夜伦铝虽因美伊局势紧张推动 油价上扬而收涨0.39 ...

Core Viewpoint - International gold prices rebounded and maintained a bullish outlook despite strong U.S. non-farm payroll data, supported by central bank buying and geopolitical factors [1][3] Group 1: Market Performance - Gold opened at $5027.38 per ounce, experienced fluctuations, and reached a daily high of $5119.05 before retreating [3] - The lowest point during the day was $4964.04, with a final closing price of $5084.54, reflecting a daily volatility of $155.01 and a gain of $57.16, or 1.14% [3] Group 2: Future Outlook - On February 12, gold prices initially weakened as the market digested the strong U.S. employment report, but remained above bullish support levels [3] - The dollar index showed no significant strength, indicating a potential for further weakening, which could support gold prices [3]

黄金观点：短线承压，交易重心回到利率路径。 投资咨询业务资格：证监许可【2012】669号 中信期货研究|贵⾦属策略⽇报 2026-02-12 ⾮农超预期重塑降息预期，⾦银⾼位波 动加剧 1⽉⾮农就业新增13万⼈，显著⾼于预期7万⼈，失业率降⾄4.3%，平均 时薪同⽐3.7%、环⽐0.4%，就业与薪资同步偏强。尽管此前两⽉⾮农合 计下修1.7万⼈，但年度基准修正终值为-86.2万⼈，幅度⼩于前值，整体 修正未进⼀步恶化。数据公布后美元指数快速拉升，美债收益率上⾏，现 货⻩⾦短线回落近40美元。强就业数据阶段性压制降息交易，贵⾦属⾼位 波动显著放⼤。 （以上新闻和数据均来⾃彭博终端） 逻辑：第一，新增就业与薪资数据均高于预期，失业率回落，强化劳 动力市场韧性叙事，市场对年内宽松节奏的定价面临调整。第二，美 元与收益率同步反弹，实际利率预期回升，对无息资产形成直接压 制。第三，数据公布前债市收益率处于阶段低位，市场存在弱数据预 期差，强数据触发反向对冲与多头获利了结，加剧价格波动。 展望：在就业与薪资未出现明确转弱信号前，降息交易难以单边演 绎，金价或进入高位震荡与情绪反复阶段。中期仍取决于实际利率方 向与美元趋 ...

Group 1 - The core point of the article is the release of the U.S. January non-farm payroll report, which shows an increase of 130,000 jobs, surpassing the forecast of 65,000 and the previous value of 50,000 [1] - The U.S. unemployment rate for January is reported at 4.3%, the lowest since August 2025, compared to the forecast of 4.4% and the previous value of 4.4% [2] - The December non-farm payroll figures were revised to an increase of 48,000, and November's figures were revised to an increase of 41,000 [3] Group 2 - The annual benchmark revision indicates a downward adjustment of 862,000 jobs, compared to the forecast reduction of 825,000 [4] - Following the data release, traders reduced bets on a Federal Reserve rate cut, with full pricing now indicating a cut in July rather than June [4] - U.S. stock index futures rose after the report, with the Nasdaq futures up 0.35%, S&P 500 futures up 0.31%, and Dow futures up 0.24% [4] Group 3 - The U.S. Treasury yields rose sharply, with the 10-year Treasury yield increasing by 4 basis points to 4.192% [4] - The U.S. dollar index (DXY) initially surged by 50 points to 97.14 before quickly retreating [4] - Non-U.S. currencies experienced a decline, with the euro dropping over 60 points against the dollar, the pound falling over 70 points, and the yen seeing a near 100-point increase against the dollar [4] Group 4 - Spot gold prices fell nearly $40, with the current price at $5,054.46 per ounce, after reaching a high of $5,100 [5] - Both WTI and Brent crude oil prices increased by over 2% amid geopolitical tensions involving Iran and Israel [7]

每经AI快讯，2月11日，美元指数回吐非农数据发布以来的部分涨幅，现报97。 ...

周三亚洲交易时段，美元指数（DXY）维持偏弱震荡，价格围绕96.65水平波动，市场整体持观望态度。美国1月 非农就业报告及CPI通胀数据是决定美元短期走势的核心，投资者在数据公布前谨慎操作，令美元指数短线波动 收窄，未形成明确趋势。 美国12月零售销售数据疲软，是压制美元走势的重要因素。数据显示，当月零售总额维持在7350亿美元，同比增 长2.4%，显著低于前值3.3%及市场预期增幅。这一表现反映美国消费市场动能减弱，消费者支出趋缓，数据公布 后美债期货攀升、各期限美债收益率下行，市场对美联储年底前降息的预期升温，持续施压美元。 技术面显示，美元指数日线图呈现短线偏弱震荡，价格在96.65附近整理。2月9日其收盘价为96.735，较前一交易 日大幅下跌，2月10日收盘价96.73延续偏弱走势，印证当前震荡偏弱格局。均线系统上，5日均线在价格上方形成 压制，10日均线提供短期支撑，20日均线在96.40附近构成中期防线。 K线形态上，美元指数近期连续收出小阴线及十字线，显示多空力量暂时均衡，但整体承压明显。指标方面， MACD红色动能柱持续缩短，多头动能减弱，DIFF线略低于DEA线，未出现明确反转信号；KDJ ...

Core Viewpoint - The ICE Dollar Index remained relatively stable at 96.814 points, with a trading range of 97.007 to 96.609 points during the day [1] - The Bloomberg Dollar Index decreased by 0.09%, closing at 1181.94 points, with a trading range of 1184.46 to 1180.25 points [1] Group 1 - The ICE Dollar Index showed minimal fluctuation, indicating a stable dollar performance in the market [1] - The trading range for the ICE Dollar Index suggests limited volatility, which may reflect market sentiment [1] - The slight decline in the Bloomberg Dollar Index indicates a marginal weakening of the dollar against other currencies [1]

本文源自：金融界AI电报 美国零售销售数据公布后，美元指数短线走低，日内一度转跌；美国12月零售销售月率录得0%，低于 预测中值0.4%，前值0.60%。 ...

Core Viewpoint - International gold prices experienced a rebound and closed higher on February 9, driven by escalating geopolitical tensions and expectations for significant data releases this week, with the dollar index declining, supporting gold prices above the mid-range and breaking through the 10-day moving average resistance [1][11]. Market Performance - Gold opened at $4987.98 per ounce, dipped to a low of $4964.04, and then rebounded, reaching a high of $5086.29 before closing at $5058.07, marking a daily fluctuation of $122.25 and a gain of $70.09, or 1.41% [1][11]. Short-term Outlook - On February 10, gold prices briefly strengthened before falling back, influenced by U.S. President Trump's comments on bilateral negotiations with Canada and his stance on Israel, which reduced geopolitical risk demand. The dollar strengthened, putting downward pressure on gold prices [3][13]. - Key data to watch includes U.S. retail sales and business inventories, with expectations that these will support gold prices, maintaining a strategy of buying on dips [3][14]. Fundamental Analysis - The bullish trend for gold is expected to strengthen, with recent adjustments viewed as a rapid repricing process rather than a trend reversal. The market is experiencing increased volatility as funds switch between risk and safe-haven assets, indicating a strong bull market outlook [5][16]. - Recent data shows job vacancies have dropped to 6.54 million, and initial jobless claims have risen to 231,000, suggesting a cooling labor market, which may lead to lower inflation and increased bets on the Federal Reserve cutting rates this year [5][16]. Technical Analysis - On a monthly basis, gold prices rebounded after touching support from an upward trend line, indicating that the bearish sentiment from January has dissipated, and new bullish space remains valid. Key support is noted at $4300, with expectations for new highs if prices remain above this level [6][17]. - Weekly analysis shows that gold prices have rebounded from recent lows, suggesting that previous bearish patterns have been exhausted, and the overall trend remains upward, with support from moving averages [8][19]. Trading Strategy - The strategy remains focused on buying on dips, with specific support levels identified at $4950 or $4860, and resistance levels at $5110 or $5190 for gold [10][20].