USD/CNY fix  projection: 6.6171 - Nomura

Analysts at Nomura offered their model's projection for USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 288 pips higher than the previous fix (6.6171 from 6.5883) and 11 pips higher than the previous official spot USD/CNY close of 6.6160. The basket implied change is 13 pips higher than the previous official spot USD/CNY close (6.6173 from 6.6160)."