USD/CNY fix projection: 6.7626 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 148 pips lower than the previous fix (6.7626 from 6.7774) and 216 pips lower than the previous official spot USD/CNY close of 6.7842. The basket implied change is 293 pips lower than the previous official spot USD/CNY close (6.7549 from 6.7842)."