USD/CNY fix projection: 6.8770 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 141 pips higher than the previous fix (6.8770 from 6.8629) and 3 pips higher than the previous official spot USD/CNY close of 6.8767. The basket implied change is 3 pips higher than the previous official spot USD/CNY close (6.8770 from 6.8767)."