USD/CNY fix projection: 6.6315 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 52 pips higher than the previous fix (6.6315 from 6.6263) and 17 pips higher than the previous official spot USD/CNY close of 6.6298. The basket implied change is 19 pips higher than the previous official spot USD/CNY close (6.6317 from 6.6298)."