USD/CNY fix projection: 6.6099 - Nomura

Analysts at Nomura offered their model projection for the USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 88 pips higher than the previous fix (6.6099 from 6.6011) and 111 pips higher than the previous official spot USD/CNY close of 6.5988. The basket implied change is 137 pips higher than the previous official spot USD/CNY close (6.6125 from 6.5988)."