USD/CNY fix projection: 6.8319 - Nomura

Analysts at Nomura offered their model's projection for today's fix.

Key Quotes:

"Our model1 projects the fix to be 102 pips higher than the previous fix (6.8319 from 6.8217) and 12 pips higher than the previous official spot USD/CNY close of 6.8307. The basket implied change is 14 pips higher than the previous official spot USD/CNY close (6.8321 from 6.8307)."