USD/CNY fix projection: 6.3242 - 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 52 pips lower than the previous fix (6.3242 from 6.3294) and 13 pips higher than the previous official spot USD/CNY close of 6.3229.

The basket implied change is 15 pips higher than the previous official spot USD/CNY close (6.3244 from 6.3229)."