USD/CNY projection: 6.7907 - Nomura

Ross J Burland FXStreet

Analysts at Nomura explained that their model for today's USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 146 pips lower than the previous fix (6.7907 from 6.8053) and 85 pips lower than the previous official spot USD/CNY close of 6.7992. The basket implied change is 103 pips lower than the previous official spot USD/CNY close (6.7889 from 6.7992)."

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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