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

Key Quotes:

“Our model1 projects the fix to be 422 pips lower than the previous fix (6.6173 from 6.6595) and 38 pips lower than the previous official spot USD/CNY close of 6.6211. The basket implied change is 45 pips lower than the previous official spot USD/CNY close (6.6166 from 6.6211).”