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USD/CNY: fix to be higher by 91 pips - Nomura

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Nomura offered their model for the CNY fix today.

    Key Quotes:

    "Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858.

    The basket implied change is higher by 76 pips from the previous spot USD/CNY official close (6.4934 from 6.4858)."
    For more information, read our latest forex news.
     

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