USD/CNY fix projection: 6.2774 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 108 pips lower than the previous fix (6.2774 from 6.2882) and 178 pips higher than the previous official spot USD/CNY close of 6.2596. 

The basket implied change is 288 pips higher than the previous official spot USD/CNY close (6.2884 from 6.2596)."