USD/CNY fix projection: 6.3359 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 218 pips higher than the previous fix (6.3359 from 6.3141) and 138 pips higher than the previous official spot USD/CNY close of 6.3221. The basket implied change is 185 pips higher than the previous official spot USD/CNY close (6.3406 from 6.3221)."

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