USD/CNY projection: 6.5479 - Nomura

Analysts a Nomura offered their projections for today's USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 97 pips higher than the previous fix (6.5479 from 6.5382) and 170 pips higher than the previous official spot USD/CNY close of 6.5309. The basket implied change is 252 pips higher than the previous official spot USD/CNY close (6.5561 from 6.5309)."