USD/CNY fix projection: 6.7311 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 218 pips lower than the previous fix (6.7311 from 6.7529) and 234 pips lower than the previous official spot USD/CNY close of 6.7545. 

The basket implied change is 326 pips lower than the previous official spot USD/CNY close (6.7219 from 6.7545)."