USD/CNY fix projection: 6.9065 – Nomura

Analysts at Nomura offered their projections of the USD/CNY fix. 

Key Quotes:

Our model [1] projects the fix to be 1 pip lower than the previous fix (6.9065 from 6.9066) and 25 pips higher than the previous official spot USD/CNY close of 6.9040. The basket implied change is 28 pips higher than the previous official spot USD/CNY close (6.9068 from 6.9040).