USD/CNY fix projection: 6.3004 - Nomura

Analysts at Nomura offered their model projections for today's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 335 pips lower than the previous fix (6.3004 from 6.3339) and 84 pips higher than the previous official spot USD/CNY close of 6.2920. The basket implied change is 100 pips higher than the previous official spot USD/CNY close (6.3020 from 6.2920)."