1 Sep 2016
USD/CNY fix model: Projection at 6.6810 - Nomura
Nomura's model projects the fix to be 98 pips lower than the previous fix (6.6810 from 6.6908) and 27 pips higher than the previous official spot USD/CNY close of 6.6783. The basket implied change is 34 pips higher than the previous official spot USD/CNY close (6.6817 from 6.6783), Nomura adds.