USD/CNY fix projection: 6.4191 - 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 113 pips higher than the previous fix (6.4191 from 6.4078) and 22 pips higher than the previous official spot USD/CNY close of 6.4169. The basket implied change is 25 pips higher than the previous official spot USD/CNY close (6.4194 from 6.4169)."