USD/CNY fix projection: 6.8465 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 48 pips lower than the previous fix (6.8465 from 6.8513) and 45 pips higher than the previous official spot USD/CNY close of 6.8420. The basket implied change is 52 pips higher than the previous official spot USD/CNY close (6.8472 from 6.8420)."