USD/CNY fix projection: 6.7977 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 24 pips higher than the previous fix (6.7977 from 6.7953) and 60 pips lower than the previous official spot USD/CNY close of 6.8037. The basket implied change is 72 pips lower than the previous official spot USD/CNY close (6.7965 from 6.8037)."