USD/CNY fix projection: 6.5890 - Nomura

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

Key quotes:

"Our model1 projects the fix to be 23 pips higher than the previous fix (6.5890 from 6.5867) and 44 pips lower than the previous official spot USD/CNY close of 6.5934. The basket implied change is 53 pips lower than the previous official spot USD/CNY close (6.5881 from 6.5934).