USD/CNY fix model: Projection at 6.5059 – Nomura

By FXStreet Nomura’s model projects the fix to be higher by 123 pips from the previous fix (6.5059 from 6.4936) and higher by 90 pips from the previous spot USD/CNY official close 6.4969.

Nomura adds: “The basket implied change is higher by 149 pips from the previous spot USD/CNY official close (6.5118 from 6.4969).”
For more information, read our latest forex news. …read more

Source:: FX Street