USD/CNY fix projection: 6.6199 - Nomura

Analysts at Nomura offered their model projection for USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 36 pips higher than the previous fix (6.6199 from 6.6163) and 49 pips higher than the previous official spot USD/CNY close of 6.6150. The basket implied change is 56 pips higher than the previous official spot USD/CNY close (6.6206 from 6.6150)."