USD/CNY fix: projection: 6.8133 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 281 pips higher than the previous fix (6.8133 from 6.7852) and 158 pips higher than the previous official spot USD/CNY close of 6.7975. The basket implied change is 218 pips higher than the previous official spot USD/CNY close (6.8193 from 6.7975)."