USD/CNY fix projection: 6.6180 - Nomura

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

Key quotes:

"Our model1 projects the fix to be 120 pips lower than the previous fix (6.6180 from 6.6300) and 19 pips higher than the previous official spot USD/CNY close of 6.6161. The basket implied change is 21 pips higher than the previous official spot USD/CNY close (6.6182 from 6.6161)."