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

Key Quotes:

“Our model1 projects the fix to be 426 pips lower than the previous fix (6.7614 from 6.8040) and 170 pips lower than the previous official spot USD/CNY close of 6.7784.”

“The basket implied change is 218 pips lower than the previous official spot USD/CNY close (6.7566 from 6.7784).”