This post was originally published on this site

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

Key Quotes:

“Our model1 projects the fix to be 26 pips higher than the previous fix (6.6221 from 6.6195) and 66 pips higher than the previous official spot USD/CNY close of 6.6155. The basket implied change is 77 pips higher than the previous official spot USD/CNY close (6.6232 from 6.6155).”