USD/CNY fix projection: 6.6393 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 201 pips higher than the previous fix (6.6393 from 6.6192) and 43 pips higher than the previous official spot USD/CNY close of 6.6350. The basket implied change is 49 pips higher than the previous official spot USD/CNY close (6.6399 from 6.6350)."