USD/CNY fix projection: 6.3703 - 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 217 pips higher than the previous fix (6.3703 from 6.3486) and 168 pips higher than the previous official spot USD/CNY close of 6.3535. The basket implied change is 253 pips higher than the previous official spot USD/CNY close (6.3788 from 6.3535)."