USD/CNY fix projection: 6.8772 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 137 pips higher than the previous fix (6.8772 from 6.8635) and 138 pips lower than the previous official spot USD/CNY close of 6.8910. The basket implied change is 172 pips lower than the previous official spot USD/CNY close (6.8738 from 6.8910)."