USD/CNY projection: 6.5965 - Nomura

Ross J Burland FXStreet

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

Key Quotes:

"Our model1 projects the fix to be 126 pips higher than the previous fix (6.5965 from 6.5839) and 53 pips higher than the previous official spot USD/CNY close of 6.5912. The basket implied change is 61 pips higher than the previous official spot USD/CNY close (6.5973 from 6.5912)."

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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