USD/CNY fix projection: 6.6061 - Nomura

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

"Our model1 projects the fix to be 135 pips lower than the previous fix (6.6061 from 6.6196) and 2 pips lower than the previous official spot USD/CNY close of 6.6063. The basket implied change is 2 pips lower than the previous official spot USD/CNY close (6.6061 from 6.6063)."