USD/CNY projection: 6.6410 - Nomura

Analysts at Nomura offered their projections based on their model for the USD/CNY fix today.

Key Quotes:

"Our model1 projects the fix to be 128 pips higher than the previous fix (6.6410 from 6.6282) and 10 pips higher than the previous official spot USD/CNY close of 6.6400. The basket implied change is 11 pips higher than the previous official spot USD/CNY close (6.6411 from 6.6400)."