外汇市场平静，油价因战争风险消退而下跌，人民币突破高位。外汇市场表现低迷，主要货币对基本保持在近期区间内。美元从早些时候的低点小幅走高，但在强劲的风险背景下，这一举措缺乏后续行动。

FX Calm as Oil Slips on Receding War Risk, Yuan Breaks Higher.FX markets are subdued, with major pairs largely contained within recent ranges. Dollar is edging higher from earlier lows, but the move lacks follow-through amid a strong risk-on backdrop.

2026年中国两会：增长目标、财政立场和十五计划信号成为焦点。中国的两会（3月4日至11日）正在形成一个“目标+15计划信号”事件，更多的是关于方向和政策偏见，而不是一个单一的大型刺激标题。

China Two Sessions 2026: growth target, fiscal stance and 15th plan signals in focus.China's Two Sessions (4–11 March) is shaping up as a “targets + 15th plan signalling” event, more about direction and policy bias than a single mega-stimulus headline.

中国：两会确定2026年增长路径——道明证券。中国：两会确定2026年增长路径——道明证券

China: Two Sessions set 2026 growth path – TD Securities.China: Two Sessions set 2026 growth path – TD Securities

美国贸易代表格里尔：我们打算坚持我们之前达成的对华协议。美国贸易代表杰米森·格里尔澄清了政府的贸易战略，表明中国将采取“稳步前进”的态度，同时转向新的法律机制来管理更广泛的全球贸易（使用第122、301和232条）。在最高法院裁定IEEPA下的有限行政关税权力后，格里尔强调，政府将依靠现有的协议和具体的贸易法来维持其经济议程。

USTR Greer: We intend to stick to the China deal we had before.U.S. Trade Representative Jamieson Greer clarified the administration's trade strategy, signalling a "steady as she goes" approach for China while pivoting to new legal mechanisms to manage broader global trade (using sections 122, 301, and 232). Following the Supreme Court ruling that limited executive tariff authority under the IEEPA, Greer emphasized that the administration will rely on existing deals and specific trade laws to maintain its economic agenda.