21 Apr 2016
USD/CNY fix model: Projection at 6.4794 - Nomura
Nomura's model projects the fix to be higher by 215 pips from the previous fix (6.4794 from 6.4579) and higher by 101 pips from the previous spot USD/CNY official close 6.4693. The basket implied change is higher by 212 pips from the previous spot USD/CNY official close (6.4905 from 6.4693).