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UBS keeps a neutral view on broad China equities and sees the recent yuan bounce as likely transitory, forecasting USD/CNY falling to 7.00 by mid-2026. It notes China's strong 2Q25 GDP was partly boosted by front-loaded external demand and that the housing market remains weak.
A forecast decline in USD/CNY would signal a firmer yuan that supports Chinese commodity import demand. The outlook is mainly a financial view and has little immediate effect on feed prices.
ubs.comJul 31, 2025After 362 past bearish macro events, USDCNY moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
