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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 122 pips lower than the previous fix (6.6271 from 6.6393) and 96 pips higher than the previous official spot USD/CNY close of 6.6175.”

“The basket implied change is 116 pips higher than the previous official spot USD/CNY close (6.6291 from 6.6175).”