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USD/CNY fix projection: 6.3142 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 63 pips lower than the previous fix (6.3142 from 6.3205) and 20 pips lower than the previous official spot USD/CNY close of 6.3162. The basket implied change is 24 pips lower than the previous official spot USD/CNY close (6.3138 from 6.3162)."

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