USD/CNY fix projection: 6.7177 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 51 pips lower than the previous fix (6.7177 from 6.7228) and 5 pips lower than the previous official spot USD/CNY close of 6.7182. The basket implied change is 6 pips lower than the previous official spot USD/CNY close (6.7176 from 6.7182)."