USD/CNY projection: 6.3366 - 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 65 pips lower than the previous fix (6.3366 from 6.3431) and 40 pips lower than the previous official spot USD/CNY close of 6.3406. The basket implied change is 48 pips lower than the previous official spot USD/CNY close (6.3358 from 6.3406)."