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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 142 pips lower than the previous fix (6.8752 from 6.8894) and 63 pips lower than the previous official spot USD/CNY close of 6.8815. The basket implied change is 76 pips lower than the previous official spot USD/CNY close (6.8739 from 6.8815).”