USD/CNY fix projected at 6.8771 - Nomura

Analysts at Nomura offered their projection for today's USD/CNY fix as 6.8771.

Key Quotes:

"Our model1 projects the fix to be 28 pips higher than the previous fix (6.8771 from 6.8743) and 11 pips lower than the previous official spot USD/CNY close of 6.8782.

The basket implied change is 13 pips lower than the previous official spot USD/CNY close (6.8769 from 6.8782)."