USD/CNY fix projection 6.3240 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 94 pips higher than the previous fix (6.3240 from 6.3146) and 176 pips higher than the previous official spot USD/CNY close of 6.3064. The basket implied change is 281 pips higher than the previous official spot USD/CNY close (6.3345 from 6.3064)."