USD/CNY projection: 6.8901 - Nomura

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

Key Quotes:

Our model1 projects the fix to be 122 pips higher than the previous fix (6.8901 from 6.8779) and 21 pips higher than the previous official spot USD/CNY close of 6.8880. The basket implied change is 24 pips higher than the previous official spot USD/CNY close (6.8904 from 6.8880).