USD/CNY fix projected at 6.7709 - Nomura

Ross J Burland FXStreet

Analysts at Nomura offered their model1 projections for the USD/CNY fix.

Key Quotes:

"The fix to be 151 pips higher than the previous fix (6.7709 from 6.7558) and 110 pips higher than the previous official spot USD/CNY close of 6.7599.

The basket implied change is 123 pips higher than the previous official spot USD/CNY close (6.7722 from 6.7599)."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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