USD/CNY fix: Projection: 6.8003 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 114 pips higher than the previous fix (6.8003 from 6.7889) and 4 pips higher than the previous official spot USD/CNY close of 6.7999. The basket implied change is 4 pips higher than the previous official spot USD/CNY close (6.8003 from 6.7999)."