USD/CNY model's projection: 6.3456 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 217 pips higher than the previous fix (6.3456 from 6.3239) and 135 pips higher than the previous official spot USD/CNY close of 6.3321. The basket implied change is 180 pips higher than the previous official spot USD/CNY close (6.3501 from 6.3321).