USD/CNY fix projection: 6.2732 - 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 152 pips lower than the previous fix (6.2732 from 6.2884) and 83 pips lower than the previous official spot USD/CNY close of 6.2815. The basket implied change is 95 pips lower than the previous official spot USD/CNY close (6.2720 from 6.2815)."