USD/CNY fix projection: 6.6395 - Nomura

Analysts at Nomura offered their model projection for USD/CNY fix. 

Key Quotes:

"Our model1 projects the fix to be 319 pips higher than the previous fix (6.6395 from 6.6076) and 90 pips higher than the previous official spot USD/CNY close of 6.6305. The basket implied change is 108 pips higher than the previous official spot USD/CNY close (6.6413 from 6.6305)."