8 May 2018
USD/CNY fix projection: 6.3670 - Nomura
Analysts at Nomura published their model's projection for today's fix.
Key Quotes:
"Our model1 projects the fix to be 86 pips higher than the previous fix (6.3670 from 6.3584) and 21 pips higher than the previous official spot USD/CNY close of 6.3649. The basket implied change is 24 pips higher than the previous official spot USD/CNY close (6.3673 from 6.3649)."