UBS forecast USD/CNY to hit 7.5 by June 2025 ...Middle East

while growth is expected to accelerate in China, effective tariff rates could rise dramatically and be a headwindCNY has only partially priced in this

On the other side, UBS see continued US dollar strength.

US activity likely to stay robust, economic data is likely to stay strong in the near termongoing tariff worries for the rest of the world, if new tariffs are introduced, the US dollar could appreciate furtherUS dollar to stay stronger for longerexpect the Fed to cut for a total of 50bps of easing, in 2Q and 3Q This article was written by Eamonn Sheridan at www.forexlive.com.

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