USD/CNY fix projection: 6.8175 - Nomura

Analysts at Nomura offered their model's fix projection.

Key Quotes:

"Our model1 projects the fix to be 103 pips higher than the previous fix (6.8175 from 6.8072) and 43 pips lower than the previous official spot USD/CNY close of 6.8218. The basket implied change is 51 pips lower than the previous official spot USD/CNY close (6.8167 from 6.8218)."