9 Sep 2016
USD/CNY fix model: Projection at 6.6810- Nomura
Nomura's model projects the fix to be 190 pips higher than the previous fix (6.6810 from 6.6620) and 171 pips higher than the previous official spot USD/CNY close of 6.6639. The basket implied change is 294 pips higher than the previous official spot USD/CNY close (6.6933 from 6.6639), Nomura adds.