USD/CNY fix projection: 6.8369  - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 273 pips higher than the previous fix (6.8369 from 6.8096) and 104 pips higher than the previous official spot USD/CNY close of 6.8265. The basket implied change is 126 pips higher than the previous official spot USD/CNY close (6.8391 from 6.8265)."