USD/CNY fix model projection: 6.3754 - 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 75 pips higher than the previous fix (6.3754 from 6.3679) and 83 pips higher than the previous official spot USD/CNY close of 6.3671. The basket implied change is 99 pips higher than the previous official spot USD/CNY close (6.3770 from 6.3671)."