USD/CNY fix model: Projection at 6.5574 – Nomura

By FXStreet Nomura’s model projects the fix to be 119 pips lower than the previous fix (6.5574 from 6.5693) and 46 pips lower than the previous official spot USD/CNY close of 6.5620. The basket implied change is 67 pips lower than the previous official spot USD/CNY close (6.5553 from 6.5620), Nomura adds.
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Source:: FX Street