USD/CNY projection fix: 6.6384 - Nomura

Analysts at Nomura offered their model projection for USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 113 pips higher than the previous fix (6.6384 from 6.6271) and 84 pips higher than the previous official spot USD/CNY close of 6.6300. The basket implied change is 100 pips higher than the previous official spot USD/CNY close (6.6400 from 6.6300)."