USD/CNY fix projection: 6.5670 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 251 pips higher than the previous fix (6.5670 from 6.5419) and 52 pips higher than the previous official spot USD/CNY close of 6.5618. The basket implied change is 60 pips higher than the previous official spot USD/CNY close (6.5678 from 6.5618)."