USD/CNY fix projection: 6.8936 - Nomura

Analysts at Westpac offered their projection for the USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 135 pips lower than the previous fix (6.8936 from 6.9071) and 41 pips lower than the previous official spot USD/CNY close of 6.8977. The basket implied change is 49 pips lower than the previous official spot USD/CNY close (6.8928 from 6.8977)."