USD/CNY fix model: Projection at 6.5134 – Nomura

By FXStreet Nomura’s model projects the fix to be lower by 98 pips from the previous fix (6.5134 from 6.5232) and lower by 26 pips from the previous spot USD/CNY official close 6.5160.

Nomura adds: “The basket implied change is lower by 53 pips from the previous spot USD/CNY official close (6.5107 from 6.5160).”
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Source:: FX Street