2025年5月30日银行间外汇市场人民币汇率中间价 美元/人民币报7.1848，下调（人民币升值）59点； 欧元/人民币报8.1620，上调593点； 港元/人民币报0.91642，下调12点； 英镑/人民币报9.6844，上调47点； 澳元/人民币报4.6224，下调85点； 加元/人民币报5.1959，下调57点； 100日元/人民币报4.9861，上调364点； 人民币/俄罗斯卢布报10.7437，下调3584点； 新西兰元/人民币报4.2866，下调99点； 人民币/林吉特报0.5905，上调20.4点； 瑞士法郎/人民币报8.7243，上调590点； 新加坡元/人民币报5.5783，上调56点。 ...

Macroeconomic Overview - The U.S. International Trade Court ruled that the Trump administration's "Day of Liberation" tariff policy exceeded its authority, leading to a suspension of its implementation, emphasizing that presidential trade management powers cannot surpass those granted to Congress by the Constitution [1] - This lawsuit, initiated by five small import businesses, marks the first significant legal challenge against the tariff policy, with seven similar lawsuits ongoing [1] - The ruling has alleviated market concerns regarding the trade war, resulting in a rise in U.S. stock index futures, with the Nasdaq futures increasing by 1.8% [1] - The dollar index surpassed the 100 mark, reflecting a positive market sentiment following Trump's postponement of tariffs on the EU and an agreement with China to reduce tariffs [1] - The Federal Reserve's May meeting minutes indicate officials are grappling with the dual challenges of rising inflation and unemployment, with a 60% probability of a rate cut in September [1] - Despite gold prices rising by 26% this year, the cautious stance of the Federal Reserve has suppressed gold prices [1] - Consumer confidence data exceeded expectations, reinforcing a robust economic outlook, while investors are focused on upcoming GDP, PCE data, and fiscal policy developments [1] Dollar Index - On Wednesday, the dollar index showed an upward trend, reaching a high of 99.933 and a low of 99.414, closing at 99.865 [2] - The market exhibited a bullish sentiment after a brief period of fluctuation, with a significant rise in the U.S. trading session [2] - Key resistance levels to watch include 100.20, with a focus on whether the index can maintain this level [2] - The weekly analysis indicates resistance at 101.70, suggesting a potential bearish trend in the medium term [2] Gold Market - Gold prices experienced a decline on Wednesday, with a high of 3325 and a low of 3276.48, closing at 3288.35 [4] - The market showed a bearish trend after testing key resistance levels, leading to a significant downward movement [4] - Current support levels are identified at 3270, with a focus on potential further declines if this level is breached [5] Euro/USD - The Euro/USD pair showed a downward trend on Wednesday, with a low of 1.1283 and a high of 1.1344, closing at 1.1289 [6] - The market remains under pressure due to resistance levels, indicating a bearish outlook [6] - Long-term support is noted at 1.0800, while short-term focus is on the 1.1130 area [6] Key Financial Data and Events - Upcoming key financial events include the Bank of England Governor Bailey's speech, Canadian current account data, U.S. initial jobless claims, and revisions to U.S. GDP [11]

Group 1: Price Performance - London Gold price is 3296.70 with no change [1] - London Silver price is 32.90 with no change [1] - London Platinum price is 1085.00 with no change [1] - London Palladium price is 986.00 with no change [1] - WTI Crude price is 60.89 with no change [1] - LME Copper price is 9577.50 with a change of 0.50 [1] - Dollar Index is 99.61 with no change [8] - Euro to US Dollar exchange rate is 1.13 with no change [8] - British Pound to US Dollar exchange rate is 1.35 with no change [8] - US Dollar to Japanese Yen exchange rate is 144.36 with no change [8] - US 10 - year TIPS is 2.11 with no change [8] Group 2: Trading Data - COMEX Silver inventory is 15467.85 with no change [2] - SHFE Silver inventory is 1006.25 with a change of 17.93 [2] - Gold ETF持仓 is 925.61 with a change of 3.15 [2] - Silver ETF持仓 is 14217.50 with no change [2] - SGE Silver inventory is 1574.34 with no change [2] - SGE Gold deferred fee payment direction is 1 with no change [2] - SGE Silver deferred fee payment direction is 1 with no change [2]

Group 1 - The USD/CAD exchange rate is experiencing an upward trend, trading above the 1.38 level, influenced by the dual impact of Federal Reserve policies and Canadian economic data [1] - Recent U.S. economic data shows a mixed pattern, but overall supports the dollar; the Conference Board's consumer confidence index rose to 98.0 in May, significantly higher than the revised 86.0 in April [1] - The Canadian economy is closely tied to oil prices, and recent pressure on international oil prices has led to selling pressure on the Canadian dollar [1] Group 2 - Technical analysis indicates that USD/CAD is at a critical technical level, with resistance at 1.3870 and 1.4007, while support is at 1.3730 and 1.3722 [2] - Market sentiment is cautious, with the resilience of U.S. economic data reinforcing expectations for Federal Reserve tightening, while uncertainty in the Canadian economic outlook increases market watchfulness [4] - The long-term outlook suggests that the divergence between the Federal Reserve's high interest rate expectations and the slowing growth of the Canadian economy may continue to support the upward trend of USD/CAD [4]

周二，美国股债汇齐涨，再度上演"TACO交易"。 在因阵亡将士纪念日休市一天后，美股在本周首个交易日集体收涨，道指涨1.78%，纳指涨2.47%，标 普500指数涨2.05%，大型科技股普涨。 美债反弹，收益率普跌，长端美债收益率至少跌超8个基点。30年期德债收益率跌超6个基点。 从威胁到妥协：50%关税的48小时反转 这轮市场过山车始于上周五特朗普突然宣布的炸弹消息。在贸易谈判毫无进展的挫败感驱使下，特朗普 宣布将从6月1日起对欧盟商品征收50%关税。 市场反应堪称灾难性：道琼斯工业平均指数暴跌256点，跌幅0.6%；标普500指数重挫2.6%；纳斯达克 综合指数下跌1%。这一"天外飞来"的公告让投资者在长周末假期中忐忑不安。 伦敦Saxo Markets的英国投资策略师Neil Wilson在周五特朗普宣布对欧盟征收50%关税的惊人决定后 写道： "希望和预期仍然是，我们将看到'TACO交易'上演。"事实证明，Wilson的预测准确无误。 剧情在周日晚间出现戏剧性反转。 特朗普在社交媒体上发布消息称，应欧盟主席Ursula von der Leyen 的请求，同意将50%关税的实施推迟至7月9日。 "这是 ...

Summary of Key Points Core Viewpoint - The interbank foreign exchange market shows a mixed performance in the RMB exchange rates against various currencies, indicating fluctuations in the currency's value. Exchange Rate Changes - USD/RMB is reported at 7.1894, an increase (RMB depreciation) of 18 points [1] - EUR/RMB is reported at 8.1558, a decrease of 291 points [1] - HKD/RMB is reported at 0.9172, a decrease of 0.3 points [1] - GBP/RMB is reported at 9.7248, a decrease of 224 points [1] - AUD/RMB is reported at 4.6402, a decrease of 186 points [1] - CAD/RMB is reported at 5.2107, a decrease of 210 points [1] - 100 JPY/RMB is reported at 4.9915, a decrease of 434 points [1] - RMB/RUB is reported at 11.1540, an increase of 294 points [1] - NZD/RMB is reported at 4.2816, a decrease of 269 points [1] - RMB/MYR is reported at 0.58881, an increase of 21.1 points [1] - CHF/RMB is reported at 8.7007, a decrease of 570 points [1] - SGD/RMB is reported at 5.5844, a decrease of 130 points [1]

Group 1 - The New Taiwan Dollar (NTD) has strengthened against the US Dollar, breaking the psychological barrier of 30 NTD per USD, with less than 1% remaining to reach a nearly 30-year high [1][3] - The appreciation of the NTD is attributed to multiple factors including a weakening US Dollar index, trade policy negotiations, and a shift in Taiwan's monetary policy [1][3] - Year-to-date, the NTD has appreciated by 9.8%, leading among emerging market currencies in Asia, with current trading around 29.84 NTD per USD [3] Group 2 - Taiwan's central bank has indicated a policy shift, stating it will not adhere to a specific exchange rate level, allowing for a strategic appreciation of the NTD [4] - Analysts suggest that if the US Dollar index falls below the technical support level of 104, the NTD could challenge the 29.5 NTD per USD range, although caution is advised regarding potential counter-cyclical adjustments by Taiwan's monetary authorities [4] - Market participants are closely monitoring the upcoming Federal Reserve meeting and Taiwan's semiconductor export data, as these factors may influence future exchange rate movements [4]

Core Viewpoint - The article provides the interbank foreign exchange market's RMB exchange rate midpoint for May 26, 2025, highlighting fluctuations against various currencies, indicating a general trend of RMB appreciation against the US dollar and depreciation against the Malaysian ringgit [1] Currency Exchange Rates Summary - USD/RMB is reported at 7.1833, down 86 points, indicating RMB appreciation [1] - EUR/RMB is reported at 8.1676, up 407 points, indicating EUR depreciation against RMB [1] - HKD/RMB is reported at 0.91689, down 17.1 points, indicating RMB appreciation [1] - GBP/RMB is reported at 9.7139, up 478 points, indicating GBP depreciation against RMB [1] - AUD/RMB is reported at 4.6661, up 469 points, indicating AUD depreciation against RMB [1] - CAD/RMB is reported at 5.2262, up 279 points, indicating CAD depreciation against RMB [1] - 100 JPY/RMB is reported at 5.0252, up 185 points, indicating JPY depreciation against RMB [1] - RMB/RUB is reported at 11.0730, up 94 points, indicating RUB depreciation against RMB [1] - NZD/RMB is reported at 4.2997, up 476 points, indicating NZD depreciation against RMB [1] - RMB/MYR is reported at 0.5891, down 42.3 points, indicating RMB depreciation [1] - CHF/RMB is reported at 8.7286, up 351 points, indicating CHF depreciation against RMB [1] - SGD/RMB is reported at 5.5896, up 167 points, indicating SGD depreciation against RMB [1]

Group 1 - Spot gold has increased by $8, currently priced at $3,330 per ounce [1] - The US Dollar Index (DXY) has decreased by 25 points, now at 99.18 [1] - The USD/JPY exchange rate has dropped by 50 points, falling below 143, with a daily decline of 0.71% [1]

Core Viewpoint - In April 2025, China's foreign exchange market recorded a total transaction volume of 29.04 trillion RMB, equivalent to approximately 4.03 trillion USD [1] Group 1: Market Overview - The total transaction volume in the foreign exchange market (excluding foreign currency pairs) reached 29.04 trillion RMB [1] - The customer market transactions by banks amounted to 4.18 trillion RMB, equivalent to about 0.58 trillion USD [1] - The interbank market transactions totaled 24.86 trillion RMB, which is approximately 3.45 trillion USD [1] Group 2: Market Breakdown - The spot market transactions accumulated to 9.55 trillion RMB, equivalent to around 1.33 trillion USD [1] - The derivatives market transactions reached 19.49 trillion RMB, which is about 2.71 trillion USD [1]