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23 Sep 2016
USD/CNY fix model: Projection at 6.6762- Nomura
Nomura's model projects the fix to be 249 pips higher than the previous fix (6.6762 from 6.6513) and 69 pips higher than the previous official spot USD/CNY close of 6.6693. The basket implied change is 87 pips higher than the previous official spot USD/CNY close (6.6780 from 6.6693), Nomura adds.