USD/CNY fix projection: 6.6711 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY. 

Key Quotes:

"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)."