USD/CNY fix model: projection: 6.6842

Analysts at Nomura have offered their model1 in the USD/CNY fix that projects the fix to be 11 pips lower than the previous fix (6.6842 from 6.6853) and 39 pips lower than the previous official spot USD/CNY close of 6.6881.

"The basket implied change is 57 pips lower than the previous official spot USD/CNY close (6.6824 from 6.6881)."