USD/CNY fix projection: 6.3560 - Nomura

Analysts at Nomura offered their model's projection for today's fix.

Key Quotes:

"Our model1 projects the fix to be 39 pips higher than the previous fix (6.3560 from 6.3521) and 29 pips lower than the previous official spot USD/CNY close of 6.3589. The basket implied change is 34 pips lower than the previous official spot USD/CNY close (6.3555 from 6.3589)."