USD/CNY fix projection: 6.3203 - Nomura

Analysts at Nomura offered their model's projection for today's fix.

Key Quotes:

"Our model1 projects the fix to be 169 pips higher than the previous fix (6.3203 from 6.3034) and 159 pips higher than the previous official spot USD/CNY close of 6.3044. The basket implied change is 230 pips higher than the previous official spot USD/CNY close (6.3274 from 6.3044)."