USD/CNY fix projection: 6.8107 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 185 pips lower than the previous fix (6.8107 from 6.8292) and 6 pips higher than the previous official spot USD/CNY close of 6.8101. The basket implied change is 7 pips higher than the previous official spot USD/CNY close (6.8108 from 6.8101)."