USD/CNY fix projection: 6.4029  - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 26 pips higher than the previous fix (6.4029 from 6.4003) and 68 pips lower than the previous official spot USD/CNY close of 6.4097. The basket implied change is 82 pips lower than the previous official spot USD/CNY close (6.4015 from 6.4097)."