USD/CNY projection: 6.2802 - 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 31 pips higher than the previous fix (6.2802 from 6.2771) and 38 pips higher than the previous official spot USD/CNY close of 6.2764. The basket implied change is 43 pips higher than the previous official spot USD/CNY close (6.2807 from 6.2764)."