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USD/CNY fix model: Projection: 6.4966 - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Nomura's model projects the PBOC fix to be higher today, by 61 pips from the previous fix (6.4966 from 6.4905) and lower by 19 pips from the previous spot USD/CNY official close (6.4985).

    Additional quotes

    The basket implied change was lower by 149 pips from the previous spot USD/CNY official close (6.4836 from 6.4985).
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