USD/CNY fix projection: 6.3610 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 217 pips higher than the previous fix (6.3610 from 6.3393) and 171 pips higher than the previous official spot USD/CNY close of 6.3439. The basket implied change is 261 pips higher than the previous official spot USD/CNY close (6.3700 from 6.3439)."