Analysts at Nomura offered their model's projection for today's fix in USD/CNY.
"Our model1 projects the fix to be 111 pips lower than the previous fix (6.7560 from 6.7671) and 235 pips lower than the previous official spot USD/CNY close of 6.7795. The basket implied change is 329 pips lower than the previous official spot USD/CNY close (6.7466 from 6.7795)."
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