周四，离岸人民币兑美元走软至7.10左右，从前一交易日创下的近一年高点回落，因投资者对Trump-Xi会议感到失望。在特朗普上任以来的首次会面中，两位领导人同意将临时贸易休战再延长一年，美国暂停出口管制的“50%规则”，中国暂停稀土出口限制。会议的其他主要亮点包括美国和中国共同承诺解决芬太尼控制和扩大农业贸易等问题，以及建设性地解决与TikTok有关的问题。然而，尽管中国的声明语气乐观，但提供的具体细节有限，表明双方必须进一步完善和最终确定协议。在国内，投资者等待即将公布的PMI数据，官方数据将于本周公布，私人调查也将紧随其后。

The offshore yuan weakened to around 7.10 per dollar on Thursday, retreating from a near one-year high reached in the earlier session as investors were left underwhelmed by the Trump-Xi meeting. In their first encounter since Trump’s return to office, the two leaders agreed to extend their temporary trade truce for another year, with the US pausing the "50% rule" on export controls and China suspending rare earth export restrictions. Other key highlights of the meeting included the joint commitment of the US and China to address issues such as fentanyl control and the expansion of agricultural trade, along with the constructive resolution of matters related to TikTok. However, while China’s readout adopted an optimistic tone, it offered limited specifics, indicating that both sides must further refine and finalize the agreements. Domestically, investors await upcoming PMI data, with official figures due this week and private surveys to follow.