Analysts at Nomura offered their model's projection for today's fix in USD/CNY.
"Our model1 projects the fix to be 15 pips lower than the previous fix (6.6711 from 6.6726) and 32 pips higher than the previous official spot USD/CNY close of 6.6679. The basket implied change is 37 pips higher than the previous official spot USD/CNY close (6.6716 from 6.6679)."
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