USD/CNY fix projection: 6.9093 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 237 pips higher than the previous fix (6.9093 from 6.8856) and 44 pips higher than the previous official spot USD/CNY close of 6.9049. The basket implied change is 50 pips higher than the previous official spot USD/CNY close (6.9099 from 6.9049)."