USD/CNY fix projection: 6.6318 - Nomura

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

Key quotes

Our model [1] projects the fix to be 79 pips lower than the previous fix (6.6318 from 6.6397) and 46 pips higher than the previous official spot USD/CNY close of 6.6272. The basket implied change is 53 pips higher than the previous official spot USD/CNY close (6.6325 from 6.6272).