USD/CNY fix projection: 6.4237 - 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 216 pips higher than the previous fix (6.4237 from 6.4021) and 49 pips higher than the previous official spot USD/CNY close of 6.4188. The basket implied change is 56 pips higher than the previous official spot USD/CNY close (6.4244 from 6.4188)."