USD/CNY fix projection: 6.7145 - Nomura

Analysts at Nomura offered their projections for the USD/CNY fox today.

Key Quotes:

"Our model1 projects the fix to be 66 pips lower than the previous fix (6.7145 from 6.7211) and 88 pips lower than the previous official spot USD/CNY close of 6.7233. The basket implied change is 106 pips lower than the previous official spot USD/CNY close (6.7127 from 6.7233)."