USD/CNY fix projection: 6.7337 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 36 pips lower than the previous fix (6.7337 from 6.7373) and 92 pips lower than the previous official spot USD/CNY close of 6.7429. The basket implied change is 111 pips lower than the previous official spot USD/CNY close (6.7318 from 6.7429)."