USD/CNY fix projection: 6.4906 - 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 241 pips lower than the previous fix (6.4906 from 6.5147) and 182 pips lower than the previous official spot USD/CNY close of 6.5088. The basket implied change is 238 pips lower than the previous official spot USD/CNY close (6.4850 from 6.5088)."