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Trading news
3 Aug 2016
USD/CNY fix model: Projection at 6.6275 - Nomura
Nomura's model projects the fix to be 176 pips lower than the previous fix (6.6275 from 6.6451) and 114 pips lower than the previous official spot USD/CNY close of 6.6389. The basket implied change is 172 pips lower than the previous official spot USD/CNY close (6.6217 from 6.6389), Nomura adds.