USD/CNY fix projection: 6.3999 – Nomura

Updated: 29 May. 2018 | 02:51

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

Key Quotes:

“Our model1 projects the fix to be 37 pips higher than the previous fix (6.3999 from 6.3962) and 61 pips higher than the previous official spot USD/CNY close of 6.3938. The basket implied change is 71 pips higher than the previous official spot USD/CNY close (6.4009 from 6.3938).”

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