USD/CNY fix projection: 6.7952 - Nomura

Analysts at Nomura offered their USD/CNY fix projection as follows...

Key Quotes:

"Our model1 projects the fix to be 19 pips lower than the previous fix (6.7952 from 6.7971) and 36 pips lower than the previous official spot USD/CNY close of 6.7988. The basket implied change is 43 pips lower than the previous official spot USD/CNY close (6.7945 from 6.7988)."