USD/CNY projection: 6.9082 - Nomura

Analysts at Nomura offered their projection for USD/CNY fix as  6.9082 today.

Key Quotes:

"Our model1 projects the fix to be 286 pips higher than the previous fix (6.9082 from 6.8796) and 170 pips higher than the previous official spot USD/CNY close of 6.8912. 

The basket implied change is 242 pips higher than the previous official spot USD/CNY close (6.9154 from 6.8912)."