USD/CNY fix projection: 6.3043 - 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 186 pips lower than the previous fix (6.3043 from 6.3229) and 49 pips lower than the previous official spot USD/CNY close of 6.3092. The basket implied change is 58 pips lower than the previous official spot USD/CNY close (6.3034 from 6.3092)."