USD/CNY projection: 6.8986 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 204 pips higher than the previous fix (6.8986 from 6.8782) and 128 pips higher than the previous official spot USD/CNY close of 6.8858. The basket implied change is 162 pips higher than the previous official spot USD/CNY close (6.9020 from 6.8858)."