USD/CNY fix model: Projection at 6.5134 - Nomura

Nomura's model projects the fix to be lower by 98 pips from the previous fix (6.5134 from 6.5232) and lower by 26 pips from the previous spot USD/CNY official close 6.5160.

Nomura adds: "The basket implied change is lower by 53 pips from the previous spot USD/CNY official close (6.5107 from 6.5160)."

Mar 29, 2016

NZD/USD bulls riding greenback's wave of supply

NZD/USD has been riding weakness in the greenback in overnight sessions and remains better bid as we approach Tokyo opening.

AUD/JPY breaks above 85.50 resistance

AUD/JPY marches on at a steady pace since the open of markets on Monday, with the latest buying flows out of Asia now allowing the Aussie to break above 85.50, setting a new 3-day high of 85.70 ahead of 85.85/86.00 macro level.