USD/CNY projection: 6.8889 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 27 pips higher than the previous fix (6.8889 from 6.8862) and 89 pips lower than the previous official spot USD/CNY close of 6.8978. The basket implied change is 107 pips lower than the previous official spot USD/CNY close (6.8871 from 6.8978)."