Analysts at Nomura explained that their model1 projects the fix to be lower.
Key Quotes:
“Lower.by 32 pips from the previous fix (6.5118 from 6.5150) and lower by 27 pips from the previous spot USD/CNY official close (6.5145).
The basket implied change is lower by 54 pips from the previous spot USD/CNY official close (6.5091 from 6.5145)”
(Market News Provided by FXstreet)