UBP Sees Decade‑Long Yuan Rally on Fundamentals, Policy Reforms

Union Bancaire Privée has made the Chinese yuan one of its strongest bets, expecting the currency to keep rising against the dollar over the next decade due to improving fundamentals and policy reforms.

In a March report, the Swiss private bank raised its conviction on yuan appreciation against the dollar to the highest level, matching its bullish stance on gold. UBP, which manages over CHF150 billion ($190 billion), now forecasts the onshore yuan to reach 6.70 per dollar by the end of 2026.