USD/CNY fix model projection: 6.8933 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 44 pips higher than the previous fix (6.8933 from 6.8889) and 19 pips higher than the previous official spot USD/CNY close of 6.8914. The basket implied change is 22 pips higher than the previous official spot USD/CNY close (6.8936 from 6.8914)."