USD/CNY fix projection: 6.3338 - 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 186 pips lower than the previous fix (6.3338 from 6.3524) and 13 pips lower than the previous official spot USD/CNY close of 6.3351. The basket implied change is 15 pips lower than the previous official spot USD/CNY close (6.3336 from 6.3351)."