22 Jul 2016
USD/CNY fix model: Projection: 6.6727 - Nomura
Nomura's model projects the fix to be 145 pips lower than the previous fix (6.6727 from 6.6872) and 56 pips lower than the previous official spot USD/CNY close of 6.6783. The basket implied change is 82 pips lower than the previous official spot USD/CNY close (6.6701 from 6.6783), Nomura adds.