USD/CNY fix projections: 6.8817 - Nomura

Ross J Burland FXStreet

Analysts at Nomura offered their USD/CNY fix projects for today.

Key Quotes:

"Our model1 projects the fix to be 361 pips higher than the previous fix (6.8817 from 6.8456) and 108 pips higher than the previous official spot USD/CNY close of 6.8709.

The basket implied change is 132 pips higher than the previous official spot USD/CNY close (6.8841 from 6.8709)."

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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