Nomura’s model projects the PBOC fix to be higher today, by 61 pips from the previous fix (6.4966 from 6.4905) and lower by 19 pips from the previous spot USD/CNY official close (6.4985).
Additional quotes
The basket implied change was lower by 149 pips from the previous spot USD/CNY official close (6.4836 from 6.4985).
(Market News Provided by FXstreet)
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