USD/CNY fix projection: 6.3409 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 163 pips higher than the previous fix (6.3409 from 6.3246) and 108 pips higher than the previous official spot USD/CNY close of 6.3301. The basket implied change is 134 pips higher than the previous official spot USD/CNY close (6.3435 from 6.3301)."

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