USD/CNY fix model projection: 6.4118  - 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 51 pips lower than the previous fix (6.4118 from 6.4169) and 78 pips higher than the previous official spot USD/CNY close of 6.4040. The basket implied change is 92 pips higher than the previous official spot USD/CNY close (6.4132 from 6.4040).