USD/CNY: projections for fix at 6.8779 - Nomura

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

Key Quotes:

"Our model [1] projects the fix to be 117 pips lower than the previous fix (6.8779 from 6.8896) and 201 pips lower than the previous official spot USD/CNY close of 6.8980. The basket implied change is 266 pips lower than the previous official spot USD/CNY close (6.8714 from 6.8980)."