USD/CNY: fix to be higher by 91 pips - Nomura

Analysts at Nomura offered their model for the CNY fix today.

Key Quotes:

"Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858.

The basket implied change is higher by 76 pips from the previous spot USD/CNY official close (6.4934 from 6.4858)."