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16 Jun 2017
USD/CNY fix: projection: 6.8133 - Nomura
Analysts at Nomura offered their projections for today's fix.
Key Quotes:
"Our model1 projects the fix to be 281 pips higher than the previous fix (6.8133 from 6.7852) and 158 pips higher than the previous official spot USD/CNY close of 6.7975. The basket implied change is 218 pips higher than the previous official spot USD/CNY close (6.8193 from 6.7975)."