瑞银：中国股票策略-美元走弱将如何影响 A 股及 AH 溢价？

知识星球:水木调研纪要 关注公众号:水木纪要 Global Research 14 July 2025 China Equity Strategy How will a weaker dollar impact A-shares and AH premium ? Four structural reasons why the dollar could continue to weaken UBS forecasts the dollar to continue to weaken this year, and has set its 2025 year-end target for EUR/USD and USD/JPY at 1.23 and 130, respectively. In addition to ുറ്റു വ slowdown in US GDP growth and Fed rate cuts, UBS foresees four other structural reasons why the dollar should depreciate further. (1) Net forei ...