USD/CNY fix projection: 6.6461 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 12 pips lower than the previous fix (6.6461 from 6.6473) and 67 pips lower than the previous official spot USD/CNY close of 6.6528. The basket implied change is 80 pips lower than the previous official spot USD/CNY close (6.6448 from 6.6528)."