USD/CNY fix projection: 6.5383 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 13 pips higher than the previous fix (6.5383 from 6.5370) and 133 pips lower than the previous official spot USD/CNY close of 6.5516. The basket implied change is 166 pips lower than the previous official spot USD/CNY close (6.5350 from 6.5516)."