Home USD/CNY fix projection: 6.3902 – Nomura

USD/CNY fix projection: 6.3902 – Nomura

Updated: 7 Jun. 2018 | 02:42

Analysts at Nomura offered their model’s projection for today’s fix in USD/CNY.

Key Quotes:

“Our model1 projects the fix to be 138 pips lower than the previous fix (6.3902 from 6.4040) and 54 pips lower than the previous official spot USD/CNY close of 6.3956. The basket implied change is 64 pips lower than the previous official spot USD/CNY close (6.3892 from 6.3956).”

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