USD/CNY Fix Model Projection: 6.4944 - Nomura

USD/CNY Fix Model Projection: 6.4944 - Nomura

23 March 2016, 04:07
Roberto Jacobs
0
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USD/CNY Fix Model Projection: 6.4944 - Nomura

Analysts at Nomura explained that their model1 projects the fix to be lower by 27 pips from the previous fix (6.4944 from 6.4971) and higher by 18 pips from the previous spot USD/CNY official close 6.4926.

The basket implied change is higher by 22 pips from the previous spot USD/CNY official close (6.4948 from 6.4926)."

(Market News Provided by FXstreet)

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