USD/CNY fix projection: 6.4135 - 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 173 pips higher than the previous fix (6.4135 from 6.3962) and 212 pips higher than the previous official spot USD/CNY close of 6.3923. The basket implied change is 524 pips higher than the previous official spot USD/CNY close (6.4447 from 6.3923)."