USD/CNY fix projection: 6.6888 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 135 pips lower than the previous fix (6.8688 from 6.8823) and 150 pips lower than the previous official spot USD/CNY close of 6.8838. The basket implied change is 188 pips lower than the previous official spot USD/CNY close (6.8650 from 6.8838)."