CHINA MIIT: TO ACCELERATE LEGISLATIVE PROCESS FOR MOTOR VEHICLE PRODUCTION ACCESS REGULATIONS

Union Bancaire Privée has made the Chinese yuan a top bet, forecasting a decade-long rise versus the dollar due to improving fundamentals and policy reforms. UBP now expects the onshore yuan to reach 6.70 per dollar by end-2026, citing undervaluation of 10%-50%. The currency has shown resilience amid global shocks, including the Iran war, outperforming most peers and reflecting Beijing’s efforts to boost its global role and rebalance the economy.

現貨黃金回落至4880美元/盎司下方，日內跌2.51%。