USD/CNY fix projection: 6.8641 - Nomura

Analysts at Nomura offered their projections for today's USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 85 pips higher than the previous fix (6.8641 from 6.8556) and 99 pips lower than the previous official spot USD/CNY close of 6.8740. The basket implied change is 120 pips lower than the previous official spot USD/CNY close (6.8620 from 6.8740)."