USD/CNY fix projection: 6.5800 - Nomura

Ross J Burland FXStreet

Analysts at Nomura offered their model projection for today's USD/CNY fix.

Key Quotes:

"Model1 projects the fix to be 221 pips lower than the previous fix (6.5800 from 6.6021) and 23 pips lower than the previous official spot USD/CNY close of 6.5823. The basket implied change is 27 pips lower than the previous official spot USD/CNY close (6.5796 from 6.5823)."

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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