USD/CNY fix projection: 6.7980 - Nomura

Nomura offered their projections for today's fix in the USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 32 pips higher than the previous fix (6.7980 from 6.7948) and 1 pip lower than the previous official spot USD/CNY close of 6.7981. The basket implied change is 1 pip lower than the previous official spot USD/CNY close (6.7980 from 6.7981).