USD/CNY fix projection: 6.8811  - 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 444 pips higher than the previous fix (6.8811 from 6.8367) and 121 pips higher than the previous official spot USD/CNY close of 6.8690. The basket implied change is 151 pips higher than the previous official spot USD/CNY close (6.8841 from 6.8690)."