USD/CNY fix projection: 6.6423 - Nomura

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

Key quotes:

"Our model1 projects the fix to be 76 pips higher than the previous fix (6.6423 from 6.6347) and 1 pip higher than the previous official spot USD/CNY close of 6.6422. The basket implied change is 1 pip higher than the previous official spot USD/CNY close (6.6423 from 6.6422)."