USD/CNY fix projection: 6.5257 - Nomura

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

Key Quotes:

Our model1 projects the fix to be 54 pips lower than the previous fix (6.5257 from 6.5311) and 11 pips higher than the previous official spot USD/CNY close of 6.5246. The basket implied change is 13 pips higher than the previous official spot USD/CNY close (6.5259 from 6.5246).

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