USD/CNY fix projection: 6.8758 - Nomura

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

Key Quotes:

Our model1 projects the fix to be 56 pips lower than the previous fix (6.8758 from 6.8814) and 44 pips higher than the previous official spot USD/CNY close of 6.8714. The basket implied change is 51 pips higher than the previous official spot USD/CNY close (6.8765 from 6.8714).