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7 Mar 2018

USD/CNY fix projection: 6.3238 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 148 pips lower than the previous fix (6.3238 from 6.3386) and 163 pips lower than the previous official spot USD/CNY close of 6.3401. The basket implied change is 210 pips lower than the previous official spot USD/CNY close (6.3191 from 6.3401)."

Mar 7, 2018

Fed's Brainard: gradual US Rate hikes likely appropriate

Fed's Brainard has been crossing the wires with key comments below: Fed's Brainard: greater confidence inflation will rise to 2-pct target. Fed's

Australia Gross Domestic Product (YoY) came in at 2.4%, below expectations (2.5%) in 4Q