USD/CNY projection: 6.6521 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 112 pips lower than the previous fix (6.6521 from 6.6633) and 115 pips lower than the previous official spot USD/CNY close of 6.6636. The basket implied change is 141 pips lower than the previous official spot USD/CNY close (6.6495 from 6.6636)."