USD/CNY fix projection: 6.6714 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 113 pips higher than the previous fix (6.6714 from 6.6601) and 27 pips higher than the previous official spot USD/CNY close of 6.6687. The basket implied change is 31 pips higher than the previous official spot USD/CNY close (6.6718 from 6.6687)."