USD/CNY fix model: Projection 180 pips higher to 6.5776 - Nomura

FXStreet (Bali) - According to Nomura's model, it projects the fix to be higher by 180 pips from the previous fix (6.5776 from 6.5596) and lower by 6 pips from the previous spot USD/CNY official close (6.5782).

Other measures may make PBOC RRR cut unnecessary

People’s Bank of China research bureau chief economist Ma Jun, in an interview via Bloomberg, said that other measures may make an RRR cut unnecessary.
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