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Trading news
11 Aug 2016
USD/CNY fix model: Projection at 6.6380 - Nomura
Nomura's model projects the fix to be 150 pips lower than the previous fix (6.6380 from 6.6530) and 50 pips lower than the previous official spot USD/CNY close of 6.6430. The basket implied change is 73 pips lower than the previous official spot USD/CNY close (6.6357 from 6.6430), Nomura adds.