USD/CNY fix projection: 6.3715: - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 41 pips higher than the previous fix (6.3715 from 6.3674) and 39 pips higher than the previous official spot USD/CNY close of 6.3676. The basket implied change is 45 pips higher than the previous official spot USD/CNY close (6.3721 from 6.3676)."