USD/CNY fix projection: 6.4395 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 60 pips higher than the previous fix (6.4395 from 6.4335) and 70 pips higher than the previous official spot USD/CNY close of 6.4325. The basket implied change is 82 pips higher than the previous official spot USD/CNY close (6.4407 from 6.4325)."