USD/CNY fix projection: 6.6365 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 293 pips higher than the previous fix (6.6365 from 6.6072) and 70 pips higher than the previous official spot USD/CNY close of 6.6295. The basket implied change is 82 pips higher than the previous official spot USD/CNY close (6.6377 from 6.6295)."