瑞郎/人民币 (CHFCNY) 加自选

中国央行表示将增强外汇市场的韧性。中国央行周五在其货币政策委员会季度会议上表示，将在“适当的时候”下调银行存款准备金率和利率，并加强外汇市场的弹性。

China's central bank says it will boost forex market resilience.China's central bank will cut banks' reserve requirement ratio and interest rates at the "appropriate time" and strengthen the resilience of its forex market, it said on Friday during a quarterly meeting of its monetary policy committee.

在中国，上海综合指数周五下跌44点，跌幅1.28%。永辉超市（-4.53%）、用友软件（-4.12%）和长城汽车（-4.07%）领跌。

In China, the Shangai Composite Index dropped 44 points or 1.28 percent on Friday. Losses were led by Yonghui Superstore (-4.53%), Yonyou Soft (-4.12%) and Great Wall Motor (-4.07%).

中国计划增加钴、铜、镍和锂等关键工业金属的战略储备，以加强能源转型需求和地缘政治紧张局势下的供应弹性。彭博新闻社称，在国家发展和改革委员会（NDRC）发出加快库存工作的信号后，国家食品和战略储备管理局已对一些金属进行了价格询价和投标。政府对购买的时间和规模保持谨慎。最近的供应限制和贸易不确定性推高了金属价格，伦敦的铜价格达到每吨1万美元，刚果民主共和国的出口禁令导致钴价格飙升。与此同时，据报道，北京正在增加粮食、石油和化肥等基本商品的储存设施，同时使供应商多样化，以减轻贸易中断的风险，包括美国关税造成的风险。

China plans to increase its strategic reserves of key industrial metals, including cobalt, copper, nickel, and lithium, to strengthen supply resilience amid growing energy-transition demand and geopolitical tensions. The National Food and Strategic Reserves Administration has made price inquiries and bids for some metals, following signals from the National Development & Reform Commission (NDRC) to accelerate stockpiling efforts, Bloomberg News said. The government remains discreet about the timing and scale of purchases. Recent supply constraints and trade uncertainties have pushed metal prices higher, with copper reaching $10,000 per ton in London and cobalt surging due to an export ban in the Democratic Republic of Congo. Meanwhile, Beijing reportedly is adding storage facilities for essential commodities like grain, oil, and fertilizers while diversifying suppliers to mitigate risks from trade disruptions, including those caused by U.S. tariffs.

周五，离岸人民币兑美元贬值超过7.25元，达到一周多来的最低水平，主要是由于美元走强。美联储主席鲍威尔的言论提振了美元的升值，他表示美联储并不急于降息。中国人民银行通过每日中点定价缩减了对人民币的支持，这进一步增加了人民币的压力，表明其有意遏制人民币对美元的任何大幅或快速贬值。在货币政策方面，中国人民银行在2025年3月连续第五个月保持关键贷款利率不变，符合市场预期。一年期贷款的最优惠利率维持在3.1%，而五年期贷款最优惠利率则稳定在3.6%。继2024年10月和7月降息后，这两个利率都处于历史低点。尽管如此，中国人民银行表示，将在适当的时候降低利率并调整银行的存款准备金率。

The offshore yuan depreciated past 7.25 per dollar on Friday, hitting its lowest level in over a week, mainly due to a strengthening US dollar. The greenback's appreciation was buoyed by remarks from Fed Chair Powell, who indicated that the central bank is in no rush to cut interest rates. Adding further pressure on the yuan, the People's Bank of China scaled back its support for the currency through its daily midpoint fixings, signaling its intention to curb any sharp or rapid depreciation against the US dollar. On the monetary policy front, the PBOC kept its key lending rates unchanged for the fifth consecutive month in March 2025, in line with market expectations. The one-year loan prime rate remained at 3.1%, while the five-year loan prime rate held steady at 3.6%. Both rates are at historic lows, following cuts in October and July of 2024. Still, the PBOC remarked that it will lower interest rates and adjust the bank’s reserve requirement ratio at the appropriate time.