USD/CNY fix model: Projection at 6.52 - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Nomura's model projects the fix to be higher by 14 pips from the previous fix (6.5200 from 6.5186) and lower by 4 pips from the previous spot USD/CNY official close of 6.5204. Nomura adds that "the basket implied change was higher by 16 pips from previous spot USD/CNY official close (6.5220 from 6.5204)."
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