USD/CNY fix projection: 6.3466 - Nomura

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

Key Quotes: 

"Our model1 projects the fix to be 121 pips higher than the previous fix (6.3466 from 6.3345) and 98 pips higher than the previous official spot USD/CNY close of 6.3368. The basket implied change is 119 pips higher than the previous official spot USD/CNY close (6.3487 from 6.3368)."