25 May 2016
USD/CNY fix model: Projection at 6.5566 - Nomura
Nomura's model projects the fix to be 98 pips higher than the previous fix (6.5566 from 6.5468) and 1 pip lower than the previous official spot USD/CNY close of 6.5567. The basket implied change is 2 pips lower than the previous official spot USD/CNY close (6.5565 from 6.5567), Nomura adds.