USD/CNY projection: 6.6334 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 19 pips lower than the previous fix (6.6334 from 6.6353) and 11 pips higher than the previous official spot USD/CNY close of 6.6323. The basket implied change is 13 pips higher than the previous official spot USD/CNY close (6.6336 from 6.6323)."