USD/CNY fix projection: 6.7497 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 33 pips higher than the previous fix (6.7497 from 6.7464) and 191 pips lower than the previous official spot USD/CNY close of 6.7688. The basket implied change is 250 pips lower than the previous official spot USD/CNY close (6.7438 from 6.7688)."