USD/CNY fix projected 6.6759 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 316 pips lower than the previous fix (6.6759 from 6.7075) and 17 pips lower than the previous official spot USD/CNY close of 6.6776. The basket implied change is 20 pips lower than the previous official spot USD/CNY close (6.6756 from 6.6776)."