Projection for today’s USD/CNY? – Nomura


Analysts at Nomura’s projection for today’s USD/CNY fix…

Key Quotes:

“Our model1 projects the fix to be 33 pips higher than the previous fix (6.7835 from 6.7802) and 18 pips higher than the previous official spot USD/CNY close of 6.7817. The basket implied change is 20 pips higher than the previous official spot USD/CNY close (6.7837 from 6.7817).”

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