USD/CNY fix projection: 6.9156 - Nomura

Analysts at Nomura offered their projections of the USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 209 pips higher than the previous fix (6.9156 from 6.8947) and 123 pips higher than the previous official spot USD/CNY close of 6.9033. The basket implied change is 154 pips higher than the previous official spot USD/CNY close (6.9187 from 6.9033)."

May 9, 2017

USD/JPY picked up the pace in Tokyo, fresh highs scored on 113 handle

Currently, USD/JPY is trading at 113.22, down -0.03% on the day, having posted a daily high at 113.31 and low at 113.11. USD/JPY opened in Tokyo flat

Constructive on the outlook for New Zealand commodity prices - ANZ

Analysts at ANZ explained that in recent week’s markets seem to have got New Zealand’s commodity prices mixed up with Australia’s and others. Key Qu