13 Jul 2016
USD/CNY fix model: Projection at 6.7006 - Nomura
Nomura's model projects the fix to be 56 pips higher than the previous fix (6.7006 from 6.6950) and 156 pips higher than the previous official spot USD/CNY close of 6.6850. The basket implied change is 244 pips higher than the previous official spot USD/CNY close (6.7094 from 6.6850, Nomura adds.