LONDON, June 11 (Reuters) - JPMorgan ( JPM ) 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.