USD/CNY fix projection: 6.8888 - Nomura

Analysts at Nomura offered their projections for USD/CNY's fix today.

Key Quotes:

"Our model1 projects the fix to be 103 pips higher than the previous fix (6.8888 from 6.8785) and 12 pips higher than the previous official spot USD/CNY close of 6.8876. The basket implied change is 14 pips higher than the previous official spot USD/CNY close (6.8890 from 6.8876)."

Apr 18, 2017

Pence – ‘Hard Truth’ is trade deficit doubled since Korus Pact

US Vice President Mike Pence says the US trade deficit has doubled since Korus Pact. The United States and the Republic of Korea signed the United Sta

Moody’s – Japan is making progress on the back of rising exports & expected fiscal support

Ratings agency Moody’s , in its latest issue of Inside Japan, says the Japanese economy is showing evidence of incremental progress on reflation, afte