Projection for the USD/CNY fix as 6.8913 - Nomura

Analysts at Nomura offered their projection for the USD/CNY fix as 6.8913.

key Quotes:

"Our model1. projects the fix to be 221 pips higher than the previous fix (6.8913 from 6.8692) and 213 pips higher than the previous official spot USD/CNY close of 6.8700.

The basket implied change is 401 pips higher than the previous official spot USD/CNY close (6.9101 from 6.8700)."