USD/CNY projection: 6.2769 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 303 pips lower than the previous fix (6.2769 from 6.3072) and 14 pips lower than the previous official spot USD/CNY close of 6.2783. The basket implied change is 17 pips lower than the previous official spot USD/CNY close (6.2766 from 6.2783)."