USD/CNY fix projection: 6.4164 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 237 pips lower than the previous fix (6.4164 from 6.4401) and 91 pips lower than the previous official spot USD/CNY close of 6.4255. The basket implied change is 111 pips lower than the previous official spot USD/CNY close (6.4144 from 6.4255)."