USD/CNY fix projection: 6.9156 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 209 pips higher than the previous fix (6.9156 from 6.8947) and 123 pips higher than the previous official spot USD/CNY close of 6.9033. The basket implied change is 154 pips higher than the previous official spot USD/CNY close (6.9187 from 6.9033)."