USD/CNY fix projection: 6.5865 - Nomura

Analysts at Nomura offered their outllook for today's fix in USD/CNY.

 Key notes:

"Our model1 projects the fix to be 145 pips lower than the previous fix (6.5865 from 6.6010) and 104 pips lower than the previous official spot USD/CNY close of 6.5969. The basket implied change is 127 pips lower than the previous official spot USD/CNY close (6.5842 from 6.5969)."