USD/CNY fix projection: 6.8164 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 33 pips higher than the previous fix (6.8164 from 6.8131) and 92 pips lower than the previous official spot USD/CNY close of 6.8256. The basket implied change is 111 pips lower than the previous official spot USD/CNY close (6.8145 from 6.8256)."

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