USD/SEK hints at dip buying

The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bullish USD/SEK profile.

If USD/SEK spot falls closer to the level where the moving averages crossed, then buyers might see it as an opportunity to reenter. Furthermore, a convincing break through the 50 SMA signals a neutral tone, shifting negative below the 200 SMA.

USD/CNY fix model: projection: 6.6709 - Nomura

Analysts at Nomura offered their projections for today's fix in USD/CNY. Key Quotes: "Our model1 projects the fix to be 63 pips higher than the prev
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