USD/CNY fix model projection: 6.8792 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 137 pips higher than the previous fix (6.8792 from 6.8655) and 74 pips higher than the previous official spot USD/CNY close of 6.8718. The basket implied change is 87 pips higher than the previous official spot USD/CNY close (6.8805 from 6.8718).