USD/CNY fix projection 6.2922 - Nomura

Analysts at Nomura offered their model1 projection for today's fix in USD/CNY.

Key Quotes:

 "Our model1 projects the fix to be 89 pips higher than the previous fix (6.2922 from 6.2833) and 78 pips higher than the previous official spot USD/CNY close of 6.2844. The basket implied change is 92 pips higher than the previous official spot USD/CNY close (6.2936 from 6.2844)."