USD/CNY projection: 6.8716 - Nomura

Analysts at Nomura offered their projections for today's fix.

Key Quotes:

"Our model1 projects the fix to be 129 pips lower than the previous fix (6.8716 from 6.8845) and 160 pips lower than the previous official spot USD/CNY close of 6.8876. The basket implied change is 203 pips lower than the previous official spot USD/CNY close (6.8673 from 6.8876)."