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USD/CNY fix model: Projection at 6.4906 - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Nomura's model projects the PBOC fix to be lower by 154 pips from the previous fix (6.4906 from 6.5060) and lower by 209 pips from the previous spot USD/CNY official close 6.5115. Nomura adds that "the basket implied change is lower by 525 pips from the previous spot USD/CNY official
    close (6.4590 from 6.5115)."
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