Nomura USD/CNY Fix Model Projection: 6.7987
Summaries are public. PDF access requires an active membership; all members have the same access. Sign in
Key Views
The overnight contribution weights are led by the Japanese yen, British pound, euro, and Korean won. Historical model errors (excluding counter-cyclical adjustment) indicate elevated volatility in recent sessions. Daily USD/CNY fix movements between November 2025 and July 2026 ranged within a band of roughly -150 to +150 bp.
Outlook
The report does not provide an explicit directional forecast but flags several events that could influence the RMB exchange rate through year-end. Key items include the late-July 2026 Politburo meeting, the October National Day Golden Week, the November APEC summit, the December Central Economic Work Conference, and a planned visit by Xi Jinping to the United States.
Recommended Securities
No specific securities recommendations are provided.