USD/CNY fix projection: 6.3017 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 120 pips higher than the previous fix (6.3017 from 6.2897) and 119 pips higher than the previous official spot USD/CNY close of 6.2898. The basket implied change is 152 pips higher than the previous official spot USD/CNY close (6.3050 from 6.2898)."