USD/CNY projection: 6.5253  - Nomura

Analysts at Nomura offered their projections for today's USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 415 pips lower than the previous fix (6.5253 from 6.5668) and 53 pips higher than the previous official spot USD/CNY close of 6.5200. The basket implied change is 61 pips higher than the previous official spot USD/CNY close (6.5261 from 6.5200)."