USD/CNY fix model: Projection 110 pips higher to 6.5740 - Nomura

FXStreet (Bali) - Nomura's model projects the fix to be higher by 110 pips from the previous fix (6.5740 from
6.5630) and lower by 10 pips from the previous spot USD/CNY official close (6.5750).

Jan 14, 2016

Aussie jobs strong report, dubious? Downside resumes

AUD/USD initially spiked a marginal number of bullish pips, but then price resumed the downside, despite the jobs data that showed a lower than expected participation rate of 65.1% vs 65.2%, an unemployment rate of 5.8% vs 5.9% expected, -1k employment change headline vs -12.5k expected and an employment rate of 17.6k for December.

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Jan 14, 2016

Arguments in favour of RMB devaluation - Nomura

Analysts at Nomura offered arguments in favour of a very large one-off RMB devaluation.

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