USD/CNY fix model - Nomura

Analysts at Nomura offered their projections for USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be higher by 185 pips from the previous fix (6.4776 from 6.4591) and higher by 98 pips from the previous spot USD/CNY official close 6.4678. The basket implied change is higher by 186 pips from the previous spot USD/CNY official close (6.4864 from 6.4678)."