USD/CNY fix projection: 6.8629 - 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 81 pips lower than the previous fix (6.8629 from 6.8710) and 160 pips lower than the previous official spot USD/CNY close of 6.8789. The basket implied change is 203 pips lower than the previous official spot USD/CNY close (6.8586 from 6.8789)."