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USD/CNY fix projection: 6.6017 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 143 pips higher than the previous fix (6.6017 from 6.5874) and 38 pips higher than the previous official spot USD/CNY close of 6.5979. The basket implied change is 43 pips higher than the previous official spot USD/CNY close (6.6022 from 6.5979)."

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