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USD/CNY fix projection: 6.6326 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 49 pips higher than the previous fix (6.6326 from 6.6277) and 27 pips lower than the previous official spot USD/CNY close of 6.6353. The basket implied change is 32 pips lower than the previous official spot USD/CNY close (6.6321 from 6.6353)."
 

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