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1 Jun 2016
USD/CNY fix model: Projection at 6.5824 - Nomura
Nomura's model projects the fix to be 34 pips higher than the previous fix (6.5824 from 6.5790) and 22 pips lower than the previous official spot USD/CNY close of 6.5846. The basket implied change is 32 pips lower than the previous official spot USD/CNY close (6.5814 from 6.5846), Nomura adds.