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14 Nov 2017

USD/CNY fix projection: 6.6423 - Nomura

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

Key quotes:

"Our model1 projects the fix to be 76 pips higher than the previous fix (6.6423 from 6.6347) and 1 pip higher than the previous official spot USD/CNY close of 6.6422. The basket implied change is 1 pip higher than the previous official spot USD/CNY close (6.6423 from 6.6422)."

Nov 14, 2017

Australia CFTC AUD NC net positions declined to $45K from previous $51.6K

Australia CFTC AUD NC net positions declined to $45K from previous $51.6K
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Nov 14, 2017

US Treasury Secretary Mnuchin prefers corporate tax cut next year

US Treasury Secretary, while speaking in Washington, reiterated that he prefers corporate tax cut next year.  Key quotes Not concerned Senate bill
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