# CNY: Stabilisation versus USD, weaker versus EUR - Danske Bank — Octa

> Danske Bank expects USD/CNY to drift lower on a weaker US dollar, while EUR/CNY trends higher. The bank sees volatility but no clear 12-month direction as China and US rate spreads pull in opposite directions. Chinese money market rates rose on a liquidity squeeze.

- Date: 2017-10-09 · published 2017-10-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6414-cny-stabilisation-versus-usd-weaker-versus-eur-danske-bank-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Offsetting forces on USD/CNY leave a neutral near-term outlook for Chinese import costs. Feed buyers should not expect a material price shift from this view.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-09-20 | [CNY has stabilized - Westpac — Octa](https://feedsoft.ai/events/63270-cny-has-stabilized-westpac-octa.md) | +0.4% | +1.3% |
| USDCNY | 2023-02-28 | [USD/CNY: Yuan could see a modest appreciation in the coming quarters – Commerzbank — Octa](https://feedsoft.ai/events/37553-usd-cny-yuan-could-see-a-modest-appreciation-in-the-coming-quarters-commerzbank.md) | -0.2% | -0.9% |
| USDCNY | 2024-10-07 | [Renminbi on track for stability against USD - Chinadaily.com.cn](https://feedsoft.ai/events/11043-renminbi-on-track-for-stability-against-usd-chinadaily-com-cn.md) | +0.7% | +1.2% |
| USDCNY | 2025-01-20 | [CNY at a glance: A surprise post-US election outperformer \| ING THINK](https://feedsoft.ai/events/9597-cny-at-a-glance-a-surprise-post-us-election-outperformer-ing-think.md) | -1.0% | -0.6% |
| USDCNY | 2019-04-29 | [USD/CNY: Sharp appreciation or depreciation unlikely in 2019? - ING - Forex Crunch](https://feedsoft.ai/events/59805-usd-cny-sharp-appreciation-or-depreciation-unlikely-in-2019-ing-forex-crunch.md) | +0.1% | +2.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/497698/

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