USD/CNY fix model: Projection at 6.4906 – Nomura

Nomura’s model projects the PBOC fix to be lower by 154 pips from the previous fix (6.4906 from 6.5060) and lower by 209 pips from the previous spot USD/CNY official close 6.5115. Nomura adds that “the basket implied change is lower by 525 pips from the previous spot USD/CNY official
close (6.4590 from 6.5115).”

Nomura’s model projects the PBOC fix to be lower by 154 pips from the previous fix (6.4906 from 6.5060) and lower by 209 pips from the previous spot USD/CNY official close 6.5115. Nomura adds that “the basket implied change is lower by 525 pips from the previous spot USD/CNY official
close (6.4590 from 6.5115).”

(Market News Provided by FXstreet)