USD/CNY fix projection: 6.8311 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 114 pips higher than the previous fix (6.8311 from 6.8197) and 4 pips higher than the previous official spot USD/CNY close of 6.8307. The basket implied change is 4 pips higher than the previous official spot USD/CNY close (6.8311 from 6.8307)."