USD/CNY fix projection: 6.7173 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 110 pips lower than the previous fix (6.7173 from 6.7283) and 117 pips lower than the previous official spot USD/CNY close of 6.7290. The basket implied change is 144 pips lower than the previous official spot USD/CNY close (6.7146 from 6.7290)."