USD/CNY fix projection: 6.6353 - Nomura

Analysts at Nomura offered their outlook for today's USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 148 pips higher than the previous fix (6.6353 from 6.6205) and 45 pips lower than the previous official spot USD/CNY close of 6.6398. The basket implied change is 54 pips lower than the previous official spot USD/CNY close (6.6344 from 6.6398)."