USD/CNY fix projection: 6.7935 - 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 358 pips lower than the previous fix (6.7935 from 6.8293) and 13 pips lower than the previous official spot USD/CNY close of 6.7948. The basket implied change is 16 pips lower than the previous official spot USD/CNY close (6.7932 from 6.7948)."