USD/CNY fix projection: 6.8688 - 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 299 pips higher than the previous fix (6.8688 from 6.8389) and 33 pips higher than the previous official spot USD/CNY close of 6.8655. The basket implied change is 38 pips higher than the previous official spot USD/CNY close (6.8693 from 6.8655)."