USD/CNY fix projection: 6.6125 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 20 pips higher than the previous fix (6.6125 from 6.6105) and 62 pips lower than the previous official spot USD/CNY close of 6.6187. The basket implied change is 74 pips lower than the previous official spot USD/CNY close (6.6113 from 6.6187)."