USD/CNY fix projection: 6.3421 - 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 347 pips lower than the previous fix (6.3421 from 6.3768) and 192 pips lower than the previous official spot USD/CNY close of 6.3613. The basket implied change is 256 pips lower than the previous official spot USD/CNY close (6.3357 from 6.3613)."