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24 Aug 2016
USD/CNY fix model: Projection at 6.6501 - Nomura
Nomura's model projects the fix to be 85 pips lower than the previous fix (6.6501 from 6.6586) and 85 pips higher than the previous official spot USD/CNY close of 6.6416. The basket implied change is 110 pips higher than the previous official spot USD/CNY close (6.6526 from 6.6416), Nomura adds.