USD/CNY fix projection: 6.8781 - nomura

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

Key Quotes:

Our model1 projects the fix to be 17 pips lower than the previous fix (6.8781 from 6.8798) and 19 pips lower than the previous official spot USD/CNY close of 6.8800. The basket implied change is 23 pips lower than the previous official spot USD/CNY close (6.8777 from 6.8800).