USD/CNY fix projection: 6.8365 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 127 pips higher than the previous fix (6.8365 from 6.8238) and 22 pips lower than the previous official spot USD/CNY close of 6.8387. The basket implied change is 26 pips lower than the previous official spot USD/CNY close (6.8361 from 6.8387)."