USD/CNY fix projection: 6.8984 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 88 pips higher than the previous fix (6.8984 from 6.8896) and 62 pips higher than the previous official spot USD/CNY close of 6.8922. The basket implied change is 72 pips higher than the previous official spot USD/CNY close (6.8994 from 6.8922)."