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27 Sep 2017

USD/CNY fix projection: 6.6395 - Nomura

Analysts at Nomura offered their model projection for USD/CNY fix. 

Key Quotes:

"Our model1 projects the fix to be 319 pips higher than the previous fix (6.6395 from 6.6076) and 90 pips higher than the previous official spot USD/CNY close of 6.6305. The basket implied change is 108 pips higher than the previous official spot USD/CNY close (6.6413 from 6.6305)."

Sep 27, 2017

USD/JPY better bid, target break of 112.50 post Yellen and tax plan possibilities?

USD/JPY has picked up a bid in Tokyo, and just before the open, on the back of  President Trump saying that they will unveil a 35% Individual Tax Rate
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Sep 27, 2017

Dollar Index remains bid above 93.00 in Asia

The dollar index [DXY] remains bid above 93.00 handle as Asian desks digest Yellen's hawkish tone on the rates. Also helping the greenback in Asia is
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