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Nomura model projects the USD/CNY fix....>

CHINA YUAN
CHINA YUAN: Nomura model projects the USD/CNY fix to be 238 pips lower than the
previous fix (6.4336 from 6.4574) and 81 pips lower than the previous official
spot USD/CNY close of 6.4417. The basket implied change is 98 pips lower than
the previous official spot USD/CNY close (6.4319 from 6.4417).

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