USD/CNY fix projection: 6.3121 - Nomura

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

Key Quotes:

"Model1 projects the fix to be 275 pips lower than the previous fix (6.3121 from 6.3396) and 194 pips lower than the previous official spot USD/CNY close of 6.3315. The basket implied change is 259 pips lower than the previous official spot USD/CNY close (6.3056 from 6.3315)."

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