USD/CNY fix projection: 6.2864 - 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 30 pips higher than the previous fix (6.2864 from 6.2834) and 50 pips higher than the previous official spot USD/CNY close of 6.2814. The basket implied change is 58 pips higher than the previous official spot USD/CNY close (6.2872 from 6.2814)."