22 Aug 2016
USD/CNY fix model: Projection at 6.6569 - Nomura
Nomura's model projects the fix to be 358 pips higher than the previous fix (6.6569 from 6.6211) and 69 pips higher than the previous official spot USD/CNY close of 6.6500. The basket implied change is 87 pips higher than the previous official spot USD/CNY close (6.6587 from 6.6500), Nomura adds.