USD/CNY fix projection: 6.6849 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 615 pips higher than the previous fix (6.6849 from 6.6234) and 175 pips higher than the previous official spot USD/CNY close of 6.6674."

"The basket implied change is 262 pips higher than the previous official spot USD/CNY close (6.6936 from 6.6674)."