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USD/CNY fix model: Projection at 6.8641 – Nomura

Nomura’s model projects the fix to be 85 pips higher than the previous fix (6.8641 from 6.8556) and 99 pips lower than the previous official spot USD/CNY close of 6.8740. The basket implied change is 120 pips lower than the previous official spot USD/CNY close (6.8620 from 6.8740), Nomura adds. 

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