Analysts at Nomura offered their model for the CNY fix today.
Key Quotes:
“Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858.
The basket implied change is higher by 76 pips from the previous spot USD/CNY official close (6.4934 from 6.4858).”
(Market News Provided by FXstreet)
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