USD/CNY fix projection: 6.5829 - Nomura

Analysts at Nomura offered their outlook for the Chinese fix today. 

Key Quotes:

"Our model1 projects the fix to be 299 pips higher than the previous fix (6.5829 from 6.5530) and 30 pips lower than the previous official spot USD/CNY close of 6.5859. The basket implied change is 36 pips lower than the previous official spot USD/CNY close (6.5823 from 6.5859)."