USD/CNY fix model: Projection at 6.4973 – Nomura

By FXStreet Nomura’s model projects the fix to be lower by 236 pips from the previous fix (6.4973 from 6.5209) and lower by 147 pips from the previous spot USD/CNY official close 6.5120. The basket implied change is lower by 228 pips from the previous spot USD/CNY official close (6.4892 from 6.5120), Nomura adds.
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Source:: FX Street