USD/CNY projection: 6.8045 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 50 pips higher than the previous fix (6.8045 from 6.7995) and 94 pips lower than the previous official spot USD/CNY close of 6.8139. The basket implied change is 114 pips lower than the previous official spot USD/CNY close (6.8025 from 6.8139)."