# CNY fix: Not so in tandem with DXY - Westpac — Octa

> Westpac analyst Frances Cheung said the USD/CNY fix has recently moved less in line with the DXY dollar index. Westpac expects the yuan to follow the broad dollar more closely and sees upward bias in USD/CNY, with foreign inflows into onshore NCDs a factor.

- Date: 2017-11-06 · published 2017-11-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/68230-cny-fix-not-so-in-tandem-with-dxy-westpac-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency forecasts shape the cost of Chinese purchases of US feed ingredients priced in dollars. The view is an analyst opinion and does not by itself move commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-12-01 | [CNY fixing: Counter-cyclical factor in play - Westpac — Octa](https://feedsoft.ai/events/67713-cny-fixing-counter-cyclical-factor-in-play-westpac-octa.md) | +0.1% | -1.6% |
| 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 | 2017-08-31 | [CNY seems to have decoupled from the broader market - Westpac — Octa](https://feedsoft.ai/events/69674-cny-seems-to-have-decoupled-from-the-broader-market-westpac-octa.md) | -1.7% | +1.0% |
| USDCNY | 2017-10-12 | [USD/CNY: Volatility interpreted as more to the downside - Westpac — Octa](https://feedsoft.ai/events/6411-usd-cny-volatility-interpreted-as-more-to-the-downside-westpac-octa.md) | +0.6% | +0.6% |
| USDCNY | 2017-12-05 | [CNY: Capital outflow pressures eased – Westpac — Octa](https://feedsoft.ai/events/67714-cny-capital-outflow-pressures-eased-westpac-octa.md) | -0.0% | -1.8% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/507985/

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