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USD/CNY fix projection: 6.3645 – Nomura

Analysts at Nomura offered their model’s projection for today’s fix. Key Quotes: “Our model1 projects the fix to be 100 pips lower than the previous fix (6.3645 from 6.3745) and 41 pips lower than the previous official spot USD/CNY close of 6.3686. The basket implied change is 49 pips lower than the previous official spot USD/CNY close […]

The post USD/CNY fix projection: 6.3645 – Nomura appeared first on Forex Crunch.

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