USD/CNY fix projection: 6.3444 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 86 pips lower than the previous fix (6.3444 from 6.3530) and 161 pips lower than the previous official spot USD/CNY close of 6.3605. The basket implied change is 207 pips lower than the previous official spot USD/CNY close (6.3398 from 6.3605)."