USD/CNY Projection: 6.8876 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 166 pips lower than the previous fix (6.8876 from 6.9042) and 146 pips lower than the previous official spot USD/CNY close of 6.9022. The basket implied change is 182 pips lower than the previous official spot USD/CNY close (6.8840 from 6.9022)."