USD/CNY projection: 6.5414 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 137 pips higher than the previous fix (6.5414 from 6.5277) and 64 pips higher than the previous official spot USD/CNY close of 6.5350. The basket implied change is 75 pips higher than the previous official spot USD/CNY close (6.5425 from 6.5350)."