USD/CNY fix projection: 6.8882 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 49 pips higher than the previous fix (6.8882 from 6.8833) and 19 pips higher than the previous official spot USD/CNY close of 6.8863. The basket implied change is 22 pips higher than the previous official spot USD/CNY close (6.8885 from 6.8863)."