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USD/CNY fix projection: 6.6315 - Nomura

Analysts at Nomura offered their model projections for today's fix.

Key Quotes:

"Our model1 projects the fix to be 99 pips higher than the previous fix (6.6315 from 6.6216) and 9 pips lower than the previous official spot USD/CNY close of 6.6324. The basket implied change is 11 pips lower than the previous official spot USD/CNY close (6.6313 from 6.6324)."

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