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USD/CNY fix model: Projection at 6.5134 - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Nomura's model projects the fix to be lower by 98 pips from the previous fix (6.5134 from 6.5232) and lower by 26 pips from the previous spot USD/CNY official close 6.5160.

    Nomura adds: "The basket implied change is lower by 53 pips from the previous spot USD/CNY official close (6.5107 from 6.5160)."
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