美元/人民币中间价模型

Nomura's Asia FX Strategy team publishes its latest USD/CNY fix model projection. The model projects the USD/CNY fixing at 6.6611 versus 6.7138 previously (527 pips lower; 54 pips higher than the previous official spot close). With the counter-cyclical factor included, the projection is 6.6870 (268 pips lower from the previous fix). The report presents the top four weighted overnight contributions to the projected change, recent model errors without the counter-cyclical factor adjustment, and the daily change in the USD/CNY fix, and lists the calendar of upcoming events including the PBoC Q3 2026 monetary policy report in mid-November, the APEC Economic Leaders' Meeting in Shenzhen on 18-19 November, the Central Economic Work Conference in mid-December, the G20 Summit in Miami on 10-12 December, and the PBoC monetary policy committee and Politburo meetings in late December.