USD/CNY fix model: Projection at 6.5450 – Nomura

By FXStreet Nomura’s model projects the fix to be 5 pips lower than the previous fix (6.5450 from 6.5455) and 69 pips lower than the previous official spot USD/CNY close of 6.5519. The basket implied change is 101 pips lower than the previous official spot USD/CNY close (6.5418 from 6.5519), Nomura adds.
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Source:: FX Street