USD/CNY fix projection: 6.9659 - Nomura

Analyst at Nomura offered their projections for today's fix.

Key Quotes:

"Our model1 projects the fix to be 161 pips higher than the previous fix (6.9659 from 6.9498) and 102 pips higher than the previous official spot USD/CNY close of 6.9557. The basket implied change is 124 pips higher than the previous official spot USD/CNY close (6.9681 from 6.9557)."