23 Jun 2016
USD/CNY fix model: Projection at 6.5768 - Nomura
Nomura's model projects the fix to be 167 pips lower than the previous fix (6.5768 from 6.5935) and 39 pips lower than the previous official spot USD/CNY close of 6.5807. The basket implied change is 56 pips lower than the previous official spot USD/CNY close (6.5751 from 6.5807), Nomura adds.