USD/CNY fix projection: 6.8321 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 138 pips higher than the previous fix (6.8321 from 6.8183) and 31 pips higher than the previous official spot USD/CNY close of 6.8290. The basket implied change is 35 pips higher than the previous official spot USD/CNY close (6.8325 from 6.8290)."