# JPMorgan lifts yuan forecast on easing tariff risks, de-dollarisation trend

> JPMorgan raised its end-2025 yuan forecast to 7.15 per dollar from 7.30, and expects a gentle downtrend to 7.10 by mid-2026. The bank cited easing US-China trade war risks and a broader de-dollarisation trend.

- Date: 2025-06-11 · published 2025-06-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/24432-jpmorgan-lifts-yuan-forecast-on-easing-tariff-risks-de-dollarisation-trend
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A forecast of a stronger yuan modestly lowers China's dollar-priced import costs over time, a minor supportive factor for import demand for grains and meal.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-03-13 | [Yuan Holds Up As Risk-Off Lifts The Dollar - Finimize](https://feedsoft.ai/events/11471-yuan-holds-up-as-risk-off-lifts-the-dollar-finimize.md) | +0.4% | -0.5% |
| USDCNY | 2021-01-05 | [Dollar falls as yuan fix lifts risk currencies, Georgia elections in focus](https://feedsoft.ai/events/12069-dollar-falls-as-yuan-fix-lifts-risk-currencies-georgia-elections-in-focus.md) | +0.3% | +0.0% |
| USDCNY | 2020-07-06 | [Risk-on move dents dollar; yuan set for best day since December](https://feedsoft.ai/events/9734-risk-on-move-dents-dollar-yuan-set-for-best-day-since-december.md) | -0.9% | -1.3% |
| USDCNY | 2021-08-11 | [Strong demand lifts yuan, despite firmer dollar - Markets - Business Recorder](https://feedsoft.ai/events/45785-strong-demand-lifts-yuan-despite-firmer-dollar-markets-business-recorder.md) | +0.0% | -0.4% |
| USDCNY | 2025-01-06 | [Dollar down in choppy trade on Trump tariff confusion \| Reuters](https://feedsoft.ai/events/26719-dollar-down-in-choppy-trade-on-trump-tariff-confusion-reuters.md) | +0.2% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/world/china/jpmorgan-lifts-yuan-forecast-easing-tariff-risks-de-dollarisation-trend-2025-06-11/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.