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USD/CNY fix model: Projection at 6.4762 - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Nomura's model projects the PBOC fix to be higher by 55 pips from the previous fix (6.4762 from 6.4707) and higher by 33 pips from the previous spot USD/CNY official close 6.4729.

    Nomura adds that the basket implied change is higher by 41 pips from the previous spot USD/CNY official close (6.4770 from 6.4729).
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