USD/CNY fix projection: 6.2890 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 8 pips lower than the previous fix (6.2890 from 6.2898) and 65 pips higher than the previous official spot USD/CNY close of 6.2825. The basket implied change is 76 pips higher than the previous official spot USD/CNY close (6.2901 from 6.2825)."