USD/CNY fix projection: 6.5800 – Nomura

Analysts at Nomura offered their model projection for today’s USD/CNY fix.

Key Quotes:

“Model1 projects the fix to be 221 pips lower than the previous fix (6.5800 from 6.6021) and 23 pips lower than the previous official spot USD/CNY close of 6.5823. The basket implied change is 27 pips lower than the previous official spot USD/CNY close (6.5796 from 6.5823).”