USD/CNY projection fix: 6.3768 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 31 pips lower than the previous fix (6.3768 from 6.3799) and 59 pips higher than the previous official spot USD/CNY close of 6.3709. The basket implied change is 69 pips higher than the previous official spot USD/CNY close (6.3778 from 6.3709)."