USD/CNY fix projection: 6.3362 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 120 pips lower than the previous fix (6.3362 from 6.3482) and 18 pips lower than the previous official spot USD/CNY close of 6.3380. The basket implied change is 21 pips lower than the previous official spot USD/CNY close (6.3359 from 6.3380)."