USD/CNY: model fix projection: 6.3224 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 6 pips higher than the previous fix (6.3224 from 6.3218) and 70 pips lower than the previous official spot USD/CNY close of 6.3294. The basket implied change is 84 pips lower than the previous official spot USD/CNY close (6.3210 from 6.3294)."