USD/CNY projection: 6.5844 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 22 pips lower than the previous fix (6.5844 from 6.5866) and 24 pips lower than the previous official spot USD/CNY close of 6.5868. The basket implied change is 28 pips lower than the previous official spot USD/CNY close (6.5840 from 6.5868)."