USD/CNY fix projection: 6.4123 - 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 84 pips lower than the previous fix (6.4123 from 6.4207) and 125 pips lower than the previous official spot USD/CNY close of 6.4248. The basket implied change is 155 pips lower than the previous official spot USD/CNY close (6.4093 from 6.4248)."