欧元/人民币 (EURCNY) 加自选

白宫报告显示，美国对中国的关税可能上调至245%。但为了避免遗漏，你可以在这里查看白宫的情况说明书。它说：“由于中国的报复行动，中国现在对美国的进口商品征收高达245%的关税。

White House note shows US tariffs against China could be hiked up to 245%.But just in case this was missed, you can check out the White House fact sheet here. It says: "China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions.

周三，离岸人民币兑美元汇率升至7.29左右，从连续两个交易日的下跌中反弹，这得益于对美中潜在贸易谈判的乐观情绪和中国强于预期的经济数据。北京表示对谈判持开放态度，但强调华盛顿需要做出关键改变，包括使用更尊重的外交语言，并在特朗普总统的支持下任命一名明确的谈判代表。周三公布的数据显示，中国2025年第一季度的国内生产总值增长超过预期，这是一年半以来最强劲的增长，进一步推动了这一势头。此外，3月份工业产出飙升，创下2021年6月以来的最快增长，轻松超过市场预期。零售额也出现了自2023年12月以来最快的增长，超过了市场预测。在劳动力方面，2025年3月的失业率较上月创下的两年高点略有下降。

The offshore yuan rose to around 7.29 per dollar on Wednesday, rebounding from two consecutive sessions of losses, driven by optimism surrounding potential US-China trade talks and stronger-than-expected economic data from China. Beijing signaled its openness to negotiations but emphasized the need for key changes from Washington, including more respectful diplomatic language and the appointment of a clear negotiator with the backing of President Trump. Adding to the momentum, data released on Wednesday showed that China's GDP grew more than expected in the first quarter of 2025, marking its strongest expansion in a year and a half. In addition, industrial output surged in March, recording its fastest growth since June 2021 and easily surpassing market expectations. Retail sales also posted its quickest expansion since December 2023, exceeding market forecasts. On the labor front, the unemployment rate edged lower in March 2025 from the two-year high recorded in the previous month.

德国10年期国债收益率跌至2.5%，为3月初以来的最低水平，因为投资者在全球贸易紧张局势升级的情况下寻求欧洲基准避险资产德国债券的庇护。与此同时，对美国国债的需求减弱，反映出对美国资产的信心减弱。美国和德国10年期债券的收益率差约为1.8个百分点，为2月份以来的最高水平，当时对欧洲财政支出增加的预期和德国大选结果提高了德国国债收益率。与此同时，人们普遍预计欧洲央行将在周四降息25个基点。市场参与者将密切关注政策制定者如何评估贸易冲突对欧元区经济的影响以及利率的可能路径。

The yield on Germany’s 10-year Bund fell to 2.5%, the lowest level since early March, as investors sought refuge in German debt, Europe’s benchmark safe-haven asset, amid escalating global trade tensions. At the same time, demand for US Treasuries weakened, reflecting waning confidence in American assets. The yield spread between US and German 10-year bonds is around 1.8 percentage points, the highest since February, when expectations of increased fiscal spending in Europe and Germany’s election results had lifted Bund yields. Meanwhile, the European Central Bank is widely expected to deliver a 25 basis point rate cut on Thursday. Market participants will be closely watching for guidance on how policymakers assess the trade conflict’s impact on the Eurozone economy and the likely path for interest rates.

德国30年期债券拍卖：2.83%，此前为3.11%。德国30年期债券拍卖：2.83%，此前为3.11%

Germany 30-y Bond Auction: 2.83% vs previous 3.11%.Germany 30-y Bond Auction: 2.83% vs previous 3.11%