USD/CNY fix projection: 6.3210 - 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 123 pips lower than the previous fix (6.3210 from 6.3333) and 26 pips lower than the previous official spot USD/CNY close of 6.3236. The basket implied change is 31 pips lower than the previous official spot USD/CNY close (6.3205 from 6.3236)."