# CNY seems to have decoupled from the broader market - Westpac — Octa

> Westpac analyst Sean Callow said the yuan has decoupled from the broader market, with CNY and CNH the strongest regional currencies over the week. He noted USD/CNY broke below 6.60 while the 12-month NDF sits at 6.75.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/69674-cny-seems-to-have-decoupled-from-the-broader-market-westpac-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency moves in the yuan affect the cost of Chinese feed imports and the profitability of crushing and feed demand, so persistent yuan strength is a mild bearish factor for dollar-denominated feed prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-06-29 | [CNY rally on the back of broad USD depreciation - Westpac — Octa](https://feedsoft.ai/events/11185-cny-rally-on-the-back-of-broad-usd-depreciation-westpac-octa.md) | +0.0% | -0.8% |
| 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 | 2025-08-28 | [CNY: A considered move from the PBoC – ING](https://feedsoft.ai/events/23545-cny-a-considered-move-from-the-pboc-ing.md) | -0.2% | -0.3% |
| 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% |
| USDCNY | 2023-02-02 | [China’s yuan jumps to over 2-week high on Fed’s dovish tilt - Markets - Business Recorder](https://feedsoft.ai/events/37551-china-s-yuan-jumps-to-over-2-week-high-on-fed-s-dovish-tilt-markets-business.md) | +0.7% | +2.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/484477/

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