USD/CNY: fix projections at 6.9207 - Nomura

Analysts at Nomura have their USD/CNY fix projections at 6.9207.

Key Quotes:

"Our model1 projects the fix to be 122 pips higher than the previous fix (6.9207 from 6.9085) and 18 pips higher than the previous official spot USD/CNY close of 6.9189.

The basket implied change is 20 pips higher than the previous official spot USD/CNY close (6.9209 from 6.9189)."