USD/CNY fix projection: 6.8713 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 15 pips higher than the previous fix (6.8713 from 6.8698) and 103 pips higher than the previous official spot USD/CNY close of 6.8610. The basket implied change is 125 pips higher than the previous official spot USD/CNY close (6.8735 from 6.8610)."