20 Oct 2016
USD/CNY fix model: Projection at 6.7317 - Nomura
Nomura's model projects the fix to be 9 pips lower than the previous fix (6.7317 from 6.7326) and 76 pips lower than the previous official spot USD/CNY close of 6.7393. The basket implied change is 118 pips lower than the previous official spot USD/CNY close (6.7275 from 6.7393), Nomura adds.