USD/CNY fix projection: 6.8858 - Nomura

Analysts at Nomura offered their projection for today'sUSD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 57 pips lower than the previous fix (6.8858 from 6.8915) and 39 pips lower than the previous official spot USD/CNY close of 6.8897. The basket implied change is 46 pips lower than the previous official spot USD/CNY close (6.8851 from 6.8897)."