USD/CNY fix projection: 6.9076 - Nomura

Analysts at Nomura offered their USD/CNY fix projections as 6.9076.

Key Quotes:

"Our model1 projects the fix to be 92 pips lower than the previous fix (6.9076 from 6.9168) and 75 pips lower than the previous official spot USD/CNY close of 6.9151. The basket implied change is 90 pips lower than the previous official spot USD/CNY close (6.9061 from 6.9151)."