26 Jul 2016
USD/CNY fix model: Projection at 6.6787- Nomura
Nomura's model projects the fix to be 73 pips lower than the previous fix (6.6787 from 6.6860) and 12 pips lower than the previous official spot USD/CNY close of 6.6799. The basket implied change is 17 pips lower than the previous official spot USD/CNY close (6.6782 from 6.6799), Nomura adds