USD/CNY fix projection: 6.4969 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 137 pips higher than the previous fix (6.4969 from 6.4832) and 13 pips higher than the previous official spot USD/CNY close of 6.4956. The basket implied change is 15 pips higher than the previous official spot USD/CNY close (6.4971 from 6.4956)."