USD/CNY fix projection: 6.3719 - 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 133 pips lower than the previous fix (6.3719 from 6.3852) and 169 pips lower than the previous official spot USD/CNY close of 6.3888. The basket implied change is 219 pips lower than the previous official spot USD/CNY close (6.3669 from 6.3888)."