USD/CNY fix: projection: 6.6290 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 198 pips higher than the previous fix (6.6290 from 6.6092) and 90 pips higher than the previous official spot USD/CNY close of 6.6200. The basket implied change is 108 pips higher than the previous official spot USD/CNY close (6.6308 from 6.6200)."