USD/CNY fix projection: 6.3433 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 186 pips higher than the previous fix (6.3433 from 6.3247) and 7 pips lower than the previous official spot USD/CNY close of 6.3440. The basket implied change is 8 pips lower than the previous official spot USD/CNY close (6.3432 from 6.3440)."