USD/CNY fix projection: 6.4165 - 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 44 pips higher than the previous fix (6.4165 from 6.4121) and 124 pips higher than the previous official spot USD/CNY close of 6.4041. The basket implied change is 159 pips higher than the previous official spot USD/CNY close (6.4200 from 6.4041)."