Lower fix in USD/CNY expected – Nomura

By FXStreet Analysts at Nomura explained that their model1 projects the fix to be lower.

Key Quotes:

“Lower.by 32 pips from the previous fix (6.5118 from 6.5150) and lower by 27 pips from the previous spot USD/CNY official close (6.5145).

The basket implied change is lower by 54 pips from the previous spot USD/CNY official close (6.5091 from 6.5145)”
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Source:: FX Street