USD/CNY fix projection: 6.4166  - Nomura

Analysts at Nomura offered that their model's projection for today's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 42 pips lower than the previous fix (6.4166 from 6.4208) and 43 pips higher than the previous official spot USD/CNY close of 6.4123. The basket implied change is 49 pips higher than the previous official spot USD/CNY close (6.4172 from 6.4123)."