USD/CNY fix projection: 6.6164 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 71 pips higher than the previous fix (6.6164 from 6.6093) and 113 pips lower than the previous official spot USD/CNY close of 6.6277. The basket implied change is 138 pips lower than the previous official spot USD/CNY close (6.6139 from 6.6277)."