USD/CNY projection: 6.5965 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 126 pips higher than the previous fix (6.5965 from 6.5839) and 53 pips higher than the previous official spot USD/CNY close of 6.5912. The basket implied change is 61 pips higher than the previous official spot USD/CNY close (6.5973 from 6.5912)."