USD/CNY projection: 6.6610 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 325 pips higher than the previous fix (6.6610 from 6.6285) and 89 pips lower than the previous official spot USD/CNY close of 6.6699. The basket implied change is 108 pips lower than the previous official spot USD/CNY close (6.6591 from 6.6699)."