USD/CNY fix projection: 6.8897 - Nomura

Analysts at Nomura offered their projections for today's USD/CNY fix 224 pips higher than the previous fix.

Key Quotes:

"Our model1 projects the fix to be 224 pips higher than the previous fix (6.8897 from 6.8673) and 33 pips higher than the previous official spot USD/CNY close of 6.8864. The basket implied change is 38 pips higher than the previous official spot USD/CNY close (6.8902 from 6.8864).