USD/CNY fix projection: 6.6024 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 163 pips higher than the previous fix (6.6024 from 6.5861) and 102 pips higher than the previous official spot USD/CNY close of 6.5922. The basket implied change is 124 pips higher than the previous official spot USD/CNY close (6.6046 from 6.5922)."