USD/CNY fix projection: 6.3745 - 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 28 pips lower than the previous fix (6.3745 from 6.3773) and 107 pips lower than the previous official spot USD/CNY close of 6.3852. The basket implied change is 131 pips lower than the previous official spot USD/CNY close (6.3721 from 6.3852)."