USD/CNY projection: 6.7653 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 205 pips lower than the previous fix (6.7653 from 6.7858) and 142 pips lower than the previous official spot USD/CNY close of 6.7795.
The basket implied change is 178 pips lower than the previous official spot USD/CNY close (6.7617 from 6.7795)."