USD/CNY fix projection at 6.8590 - Nomura

Analysts at Nomura offered their USD/CNY fix projection at 6.8590.

Key Quotes:

"Our model1 projects the fix to be 95 pips higher than the previous fix (6.8590 from 6.8495) and 60 pips higher than the previous official spot USD/CNY close of 6.8530." 

"The basket implied change is 70 pips higher than the previous official spot USD/CNY close (6.8600 from 6.8530)."