USD/CNY: projection: 6.6633 - Nomura

Analysts at Nomura offered their model 1 USD/CNY projection fix.

Key Quotes:

"Our model 1 projects the fix to be 111 pips lower than the previous fix (6.6633 from 6.6744) and 66 pips lower than the previous official spot USD/CNY close of 6.6699.

The basket implied change is 98 pips lower than the previous official spot USD/CNY close (6.6601 from 6.6699)."