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21 Sep 2017

USD/CNY fix projection: 6.5919 - Nomura

Analysts at Nomura offered their outlook for the USD/CNY fox today.

Key Quotes:

"Our model1 projects the fix to be 249 pips higher than the previous fix (6.5919 from 6.5670) and 177 pips higher than the previous official spot USD/CNY close of 6.5742. The basket implied change is 270 pips higher than the previous official spot USD/CNY close (6.6012 from 6.5742)."

Sep 21, 2017

Goldman Sachs - US Congress likely to approve $1 trillion in tax cuts by next year

Goldman Sachs economist Alec Phillips' says the congress is more likely to approve the tax cuts by next year. He is assuming expiring tax cuts would b
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Sep 21, 2017

USD/JPY: where next, all the way to 114 handle on hawkish Fed, dovish BoJ today?

Currently, USD/JPY is trading at 112.55, up 0.30% on the day, having posted a daily high at 112.66 and low at 112.18. Tokyo is maintaining the better
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