USD/CNY fix projection: 6.6173 - Nomura

Analysts at Nomura offered their model projections for today's fix.

Key Quotes:

"Our model1 projects the fix to be 60 pips higher than the previous fix (6.6173 from 6.6113) and 42 pips higher than the previous official spot USD/CNY close of 6.6131. The basket implied change is 48 pips higher than the previous official spot USD/CNY close (6.6179 from 6.6131)."