USD/CNY projection: 6.7728 - Nomura

Analysts at Nomura offerd their model1 projections for the USD/CNY fix today.

Key Quotes:

"Our model1 projects the fix to be 38 pips higher than the previous fix (6.7728 from 6.7690) and 10 pips higher than the previous official spot USD/CNY close of 6.7718. The basket implied change is 10 pips higher than the previous official spot USD/CNY close (6.7728 from 6.7718)."