USD/CNY projection: 6.6549 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 221 pips lower than the previous fix (6.6549 from 6.6770) and 61 pips lower than the previous official spot USD/CNY close of 6.6610. The basket implied change is 73 pips lower than the previous official spot USD/CNY close (6.6537 from 6.6610)."