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USD/CNY fix model: Projection at 6.5059 - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Nomura's model projects the fix to be higher by 123 pips from the previous fix (6.5059 from 6.4936) and higher by 90 pips from the previous spot USD/CNY official close 6.4969.

    Nomura adds: "The basket implied change is higher by 149 pips from the previous spot USD/CNY official close (6.5118 from 6.4969)."
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