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26 Apr 2016
USD/CNY fix model: Projection at 6.4962 - Nomura
Nomura's model projects the fix to be lower by 158 pips from the previous fix (6.4962 from 6.5120) and lower by 7 pips from the previous spot USD/CNY official close 6.4969. omura adds that the basket implied change is lower by 13 pips from the previous spot USD/CNY official close (6.4956 from 6.4969).