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USD/CNY fix projection: 6.6302 - Nomura

Analysts at Nomura offered their model projection for today's USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 16 pips higher than the previous fix (6.6302 from 6.6286) and 25 pips lower than the previous official spot USD/CNY close of 6.6327. The basket implied change is 30 pips lower than the previous official spot USD/CNY close (6.6297 from 6.6327)."

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