USD/CNY fix projection: 6.5439 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 16 pips higher than the previous fix (6.5439 from 6.5423) and 3 pips lower than the previous official spot USD/CNY close of 6.5442. The basket implied change is 3 pips lower than the previous official spot USD/CNY close (6.5439 from 6.5442)."