USD/CNY fix projection: 6.6051 - Nomura

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

Key quotes:

"Our model1 projects the fix to be 107 pips higher than the previous fix (6.6051 from 6.5944) and 102 pips higher than the previous official spot USD/CNY close of 6.5949. The basket implied change is 125 pips higher than the previous official spot USD/CNY close (6.6074 from 6.5949)."

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