USD/CNY projection: 6.6757 - Nomura

Ross J Burland FXStreet

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

Key Quotes:

"Our model1 projects the fix to be 13 pips higher than the previous fix (6.6757 from 6.6744) and 28 pips lower than the previous official spot USD/CNY close of 6.6785. The basket implied change is 33 pips lower than the previous official spot USD/CNY close (6.6752 from 6.6785)."

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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