Analysts at Nomura offered their outlook for today's fix in USD/CNY.
"Our model1 projects the fix to be 303 pips higher than the previous fix (6.8698 from 6.8395) and 124 pips higher than the previous official spot USD/CNY close of 6.8574. The basket implied change is 156 pips higher than the previous official spot USD/CNY close (6.8730 from 6.8574)."
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