USD/CNY fix Projection: 6.8795 - Nomura

Ross J Burland FXStreet

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

Key Quotes:

"Our model1 projects the fix to be 37 pips higher than the previous fix (6.8795 from 6.8758) and 114 pips lower than the previous official spot USD/CNY close of 6.8909.

The basket implied change is 139 pips lower than the previous official spot USD/CNY close (6.8770 from 6.8909)."

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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