USD/CNY fix projection: 6.2972 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 87 pips higher than the previous fix (6.2972 from 6.2885) and 174 pips higher than the previous official spot USD/CNY close of 6.2798. The basket implied change is 275 pips higher than the previous official spot USD/CNY close (6.3073 from 6.2798)."

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