USD/CNY projection: 6.9553 - Nomura

Analysts at Nomura offered their projecttion for the USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 85 pips higher than the previous fix (6.9553 from 6.9468) and 44 pips higher than the previous official spot USD/CNY close of 6.9509. The basket implied change is 50 pips higher than the previous official spot USD/CNY close (6.9559 from 6.9509)."