USD/CNY fix projection: 6.8086 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 4 pips lower than the previous fix (6.8086 from 6.8090) and 25 pips higher than the previous official spot USD/CNY close of 6.8061. The basket implied change is 28 pips higher than the previous official spot USD/CNY close (6.8089 from 6.8061)."