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Lower fix in USD/CNY expected - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Nomura explained that their model1 projects the fix to be lower.

    Key Quotes:

    "Lower.by 32 pips from the previous fix (6.5118 from 6.5150) and lower by 27 pips from the previous spot USD/CNY official close (6.5145).

    The basket implied change is lower by 54 pips from the previous spot USD/CNY official close (6.5091 from 6.5145)"
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