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USD/CNY fix projections - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Nomura's USD/CNY fix model was projected at 6.4748.

    Key Quotes:

    "Our model1 projects the fix to be lower by 160 pips from the previous fix (6.4748 from 6.4908) and lower by 68 pips from the previous spot USD/CNY official close 6.4816.

    The basket implied change is lower by 140 pips from the previous spot USD/CNY official close (6.4676 from 6.4816)."
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