USD/CNY fix projection: 6.8888 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 103 pips higher than the previous fix (6.8888 from 6.8785) and 12 pips higher than the previous official spot USD/CNY close of 6.8876. The basket implied change is 14 pips higher than the previous official spot USD/CNY close (6.8890 from 6.8876)."

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