USD/CNY fix projection: 6.8807 - Nomura

Analysts at Nomura offered their projections for the USD/CNY fix today at  6.8807 

Key Quotes:

"Our model1 projects the fix to be 17 pips higher than the previous fix (6.8807 from 6.8790) and 19 pips lower than the previous official spot USD/CNY close of 6.8826.

The basket implied change is 23 pips lower than the previous official spot USD/CNY close (6.8803 from 6.8826)."