USD/CNY fix projection: 6.8807 - Nomura

Ross J Burland FXStreet

Analysts at Nomura offered their projections for the USD/CNY fix today at 6.8807

Key Quotes:

"Our model1 projects the fix to be 17 pips higher than the previous fix (6.8807 from 6.8790) and 19 pips lower than the previous official spot USD/CNY close of 6.8826.

The basket implied change is 23 pips lower than the previous official spot USD/CNY close (6.8803 from 6.8826)."

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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