USD/CNY fix projection: 6.7975 - 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 313 pips higher than the previous fix (6.7975 from 6.7662) and 150 pips higher than the previous official spot USD/CNY close of 6.7825. The basket implied change is 203 pips higher than the previous official spot USD/CNY close (6.8028 from 6.7825)."