USD/CNY fix projection: 6.5827 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 446 pips lower than the previous fix (6.5827 from 6.6273) and 34 pips lower than the previous official spot USD/CNY close of 6.5861. The basket implied change is 41 pips lower than the previous official spot USD/CNY close (6.5820 from 6.5861)."