USD/CNY projection: 6.5476 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 11 pips higher than the previous fix (6.5476 from 6.5465) and 67 pips lower than the previous official spot USD/CNY close of 6.5543. The basket implied change is 80 pips lower than the previous official spot USD/CNY close (6.5463 from 6.5543)."