# USD/CNH: Yuan struggles despite dovish Fed — Octa

> The offshore yuan (CNH) traded flat near 7.0284 per dollar despite a dovish Federal Reserve that held rates at 1.5-1.75% and signaled a pause in 2020 cuts. Fears that the US will proceed with planned 15% tariffs on $160 billion of Chinese goods kept investors from buying the yuan.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/8450-usd-cnh-yuan-struggles-despite-dovish-fed-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Tariff fears are limiting yuan strength even as the dollar weakens, which keeps Chinese import demand for US farm goods under pressure. The effect on feed prices is modest without a confirmed tariff decision.

## Read by commodity

- USDCNY: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2019-12-12 | 1 | -0.7% | -3.9 | Dated on the move day, it links yuan direction to the dovish Fed and the US tariff deadline on Chinese goods, both sentiment drivers of USD/CNH; yet it describes a flat yuan, not a sharp -0.65% fall in CNY per USD (yuan strengthening), so the fit is partial. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-02-22 | [US wants a more stable yuan, China wants that too: Experts](https://feedsoft.ai/events/60807-us-wants-a-more-stable-yuan-china-wants-that-too-experts.md) | -0.4% | -0.4% |
| USDCNY | 2025-04-24 | [China's yuan slightly weaker as dollar climbs on trade-war deescalation signs — TradingView News](https://feedsoft.ai/events/25353-china-s-yuan-slightly-weaker-as-dollar-climbs-on-trade-war-deescalation-signs.md) | -0.2% | -1.2% |
| USDCNY | 2026-02-26 | [To win Europe's embrace, China needs to uncap the yuan \| Reuters](https://feedsoft.ai/events/7901-to-win-europe-s-embrace-china-needs-to-uncap-the-yuan-reuters.md) | +0.4% | +0.5% |
| USDCNY | 2020-05-11 | [Goldman Says Tariffs Are Key Metric for Yuan in U.S.-China Rift - Bloomberg](https://feedsoft.ai/events/53381-goldman-says-tariffs-are-key-metric-for-yuan-in-u-s-china-rift-bloomberg.md) | +0.4% | -0.0% |
| USDCNY | 2025-03-07 | [US Tariffs and Feed Industry Impact](https://feedsoft.ai/events/25934-us-tariffs-and-feed-industry-impact.md) | -0.0% | +0.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/783607/

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