Projection: USD/CNY fix 6.8137 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 496 pips lower than the previous fix (6.8137 from 6.8633) and 73 pips lower than the previous official spot USD/CNY close of 6.8210. The basket implied change is 88 pips lower than the previous official spot USD/CNY close (6.8122 from 6.8210)."