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

Key Quotes:

“Our model1 projects the fix to be 124 pips higher than the previous fix (6.5932 from 6.5808) and 44 pips higher than the previous official spot USD/CNY close of 6.5888. The basket implied change is 50 pips higher than the previous official spot USD/CNY close (6.5938 from 6.5888).”



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