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5 May 2017
USD/CNY projection: 6.8933 – Nomura
Analysts at Nomura offered their projections for today's USD/CNY fix 24 pips lower than the previous fix.
Key quotes
Our model1 projects the fix to be 24 pips lower than the previous fix (6.8933 from 6.8957) and 35 pips lower than the previous official spot USD/CNY close of 6.8968. The basket implied change is 42 pips lower than the previous official spot USD/CNY close (6.8926 from 6.8968).