Nomura’s model projects the PBOC fix to be higher by 182 pips from the previous fix (6.4810 from 6.4628) and higher by 83 pips from the previous spot USD/CNY official close 6.4727.

Additional quotes

The basket implied change is higher by 129 pips from the previous spot USD/CNY official close (6.4856 from 6.4727).

Nomura’s model projects the PBOC fix to be higher by 182 pips from the previous fix (6.4810 from 6.4628) and higher by 83 pips from the previous spot USD/CNY official close 6.4727.

(Market News Provided by FXstreet)

By FXOpen