USD/CNY fix projection: 6.3354 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 71 pips higher than the previous fix (6.3354 from 6.3283) and 54 pips higher than the previous official spot USD/CNY close of 6.3300. The basket implied change is 62 pips higher than the previous official spot USD/CNY close (6.3362 from 6.3300)."

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