USD/CNY fix Projection: 6.8795 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 37 pips higher than the previous fix (6.8795 from 6.8758) and 114 pips lower than the previous official spot USD/CNY close of 6.8909.

The basket implied change is 139 pips lower than the previous official spot USD/CNY close (6.8770 from 6.8909)."