USD/CNY projection: 6.5633 - 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 453 pips higher than the previous fix (6.5633 from 6.5180) and 73 pips higher than the previous official spot USD/CNY close of 6.5560. The basket implied change is 86 pips higher than the previous official spot USD/CNY close (6.5646 from 6.5560)."