USD/CNY fix projection: 6.6416 - Nomura

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

Key quotes:

"Our model1 projects the fix to be 71 pips lower than the previous fix (6.6416 from 6.6487) and 60 pips lower than the previous official spot USD/CNY close of 6.6476. The basket implied change is 72 pips lower than the previous official spot USD/CNY close (6.6404 from 6.6476).