Nomura USD/CNY Fix Model: Projection 6.7588
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Key Views
The overnight basket currency contributions that most influenced the projection were RUB, KRW, GBP, and EUR. The report also tracks recent model error ranges and daily fixing changes to validate model effectiveness. No explicit exchange-rate target band or trading recommendation was provided.
Outlook
The accompanying macro event calendar highlights several key milestones: the 2026 World Artificial Intelligence Conference and High-Level Global AI Governance Meeting in Shanghai (July 17–20), a Politburo meeting focused on economic work expected in late July, the People's Bank of China's Q2 2026 Monetary Policy Report in mid-August, a state visit by the President to the United States on September 24, and the PBoC Monetary Policy Committee meeting in late September, followed by the National Day Golden Week holiday (October 1–7).
Recommended Securities
No specific securities were recommended.
Key exhibits
Exhibit 1
Exhibit 2
Exhibit 3
Exhibit 4
