USD/CNY fix projection: 6.6287 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 69 pips lower than the previous fix (6.6287 from 6.6356) and 50 pips lower than the previous official spot USD/CNY close of 6.6337. The basket implied change is 60 pips lower than the previous official spot USD/CNY close (6.6277 from 6.6337)."