USD/CNY fix model: Projection at 6.4856 - Nomura

Nomura's model projects the fix to be higher by 291 pips from the previous fix (6.4856 from 6.4565) and higher by 113 pips from the previous spot USD/CNY official close 6.4743. The basket implied change is higher by 614 pips from the previous spot USD/CNY official close (6.5357 from 6.4743), Nomura adds.

May 4, 2016

Yen is top performer for 2016 so far - Nomura

Analysts at Nomura explained that the Japanese yen (JPY) is the top-performing currency year-to-date.

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May 4, 2016

Ted Cruz out of Presidential race

Ted Cruz has dropped out of the Presidential race, CNN reports, noting that his White House bid is over "after a stinging loss to Donald Trump in the Indiana Republican primary."

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