USD/CNY fix model: Projection at 6.4762 – Nomura

By FXStreet Nomura’s model projects the PBOC fix to be higher by 55 pips from the previous fix (6.4762 from 6.4707) and higher by 33 pips from the previous spot USD/CNY official close 6.4729.

Nomura adds that the basket implied change is higher by 41 pips from the previous spot USD/CNY official close (6.4770 from 6.4729).
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Source:: FX Street