USD/CNY fix projection: 6.8384 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 442 pips higher than the previous fix (6.8384 from 6.7942) and 84 pips higher than the previous official spot USD/CNY close of 6.8300. The basket implied change is 100 pips higher than the previous official spot USD/CNY close (6.8400 from 6.8300)."

Aug 3, 2018

USD/JPY: has rallied in Tokyo open, eyes on 100-4hr SMA at 111.80

USD/JPY is moving higher in the Tokyo open as the risk sentiment follows on the coattails of a better bid session in NY that recovered from the Europe

BoE unanimously voted to hike the Bank Rate 25bps to 0.75% - ANZ

Analysts at the Australia and New Zealand Banking Group, (ANZ) explained that the BoE unanimously voted to hike the Bank Rate 25bps to 0.75%. Key Qu