Headlines
JPMorgan lifts yuan forecast on easing tariff risks, de-dollarisation trend
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
JPMorgan raises its yuan forecast to 7.15 per dollar, citing reduced tariff risks and a global de-dollarisation trend. The yuan was stable at 7.1875 after U.S.-China trade talks.
LONDON (Reuters) -JPMorgan lifted its end-of-year forecast for China's onshore yuan spot price on Wednesday, citing moderating risks around the U.S. trade war and a broader global theme of so-called de-dollarisation.
The U.S. investment bank said it was revising its dollar/yuan target to 7.15 yuan per dollar from 7.30, adding that it also expected a "gentle downtrend" to 7.10 by the middle of next year.
The dollar was steady against the yuan at 7.1875 in European trading after U.S. and Chinese negotiators said they had agreed on a framework to get their countries' trade truce back on track following two days of talks in London.
(Reporting by Marc Jones; Editing by Amanda Cooper)
JPMorgan revised its dollar/yuan target to 7.15 yuan per dollar from 7.30, expecting a gentle downtrend to 7.10 by mid-next year.
The investment bank cited moderating risks around the U.S. trade war and a broader global trend of de-dollarisation as key factors for the revision.
The dollar was steady against the yuan at 7.1875 in European trading after U.S. and Chinese negotiators agreed on a framework to resume their trade truce.
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