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Analysts at Nomura offered their projections for the USD/CNY fox today.
Key Quotes:
"Our model1 projects the fix to be 66 pips lower than the previous fix (6.7145 from 6.7211) and 88 pips lower than the previous official spot USD/CNY close of 6.7233. The basket implied change is 106 pips lower than the previous official spot USD/CNY close (6.7127 from 6.7233)."