Search ForexCrunch

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

Key Quotes:

“Our model1 projects the fix to be 326 pips higher than the previous fix (6.5219 from 6.4893) and 21 pips lower than the previous official spot USD/CNY close of 6.5240. The basket implied change is 25 pips lower than the previous official spot USD/CNY close (6.5215 from 6.5240).”