Analysts at Nomura offered their model’s projection for today’s fix.

Key Quotes:

“Our model1 projects the fix to be 100 pips lower than the previous fix (6.3645 from 6.3745) and 41 pips lower than the previous official spot USD/CNY close of 6.3686. The basket implied change is 49 pips lower than the previous official spot USD/CNY close (6.3637 from 6.3686).”

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