USD/CNY fix  projection: 6.3935 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 68 pips higher than the previous fix (6.3935 from 6.3867) and 44 pips higher than the previous official spot USD/CNY close of 6.3891. The basket implied change is 50 pips higher than the previous official spot USD/CNY close (6.3941 from 6.3891)."