USD/CNY fix projection: 6.4039 - Nomura

Analysts at Nomura offered their model's projection for today's fin in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 118 pips lower than the previous fix (6.4039 from 6.4157) and 24 pips higher than the previous official spot USD/CNY close of 6.4015. The basket implied change is 27 pips higher than the previous official spot USD/CNY close (6.4042 from 6.4015)."