USD/CNY fix projection: 6.4337 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 35 pips lower than the previous fix (6.4337 from 6.4372) and 29 pips lower than the previous official spot USD/CNY close of 6.4366. The basket implied change is 35 pips lower than the previous official spot USD/CNY close (6.4331 from 6.4366)."