USD/CNY fix projection: 6.4336 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 238 pips lower than the previous fix (6.4336 from 6.4574) and 81 pips lower than the previous official spot USD/CNY close of 6.4417. The basket implied change is 98 pips lower than the previous official spot USD/CNY close (6.4319 from 6.4417)."