USD/CNY fix: projection: 6.6290 - Nomura

Ross J Burland FXStreet

Analysts at Nomura offered their model projection for the USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 198 pips higher than the previous fix (6.6290 from 6.6092) and 90 pips higher than the previous official spot USD/CNY close of 6.6200. The basket implied change is 108 pips higher than the previous official spot USD/CNY close (6.6308 from 6.6200)."

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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