USD/CNY fix model: Projection at 6.8832 - Nomura

Ivan Delgado Independent Analyst

Nomura's model projects the fix to be 309 pips lower than the previous fix (6.8832 from 6.9141) and 168 pips lower than the previous official spot USD/CNY close of 6.9000. The basket implied change is 221 pips lower than the previous official spot USD/CNY close (6.8779 from 6.9000), Nomura adds.

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

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