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JPMorgan lifts yuan forecast on easing tariff risks, de-dollarisation trend
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JPMorgan lifts yuan forecast on easing tariff risks, de-dollarisation trend
Jun 11, 2025 1:53 AM

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.

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