USD/CNY fix projections: 6.8817 - Nomura

Analysts at Nomura offered their USD/CNY fix projects for today.

Key Quotes:

"Our model1 projects the fix to be 361 pips higher than the previous fix (6.8817 from 6.8456) and 108 pips higher than the previous official spot USD/CNY close of 6.8709. 

The basket implied change is 132 pips higher than the previous official spot USD/CNY close (6.8841 from 6.8709)."