USD/CNY fix projection: 6.3318 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 151 pips higher than the previous fix (6.3318 from 6.3167) and 106 pips higher than the previous official spot USD/CNY close of 6.3212. The basket implied change is 131 pips higher than the previous official spot USD/CNY close (6.3343 from 6.3212)."