USD/CNY fix projection: 6.9021 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 91 pips higher than the previous fix (6.9021 from 6.8930) and 11 pips higher than the previous official spot USD/CNY close of 6.9010. The basket implied change is 13 pips higher than the previous official spot USD/CNY close (6.9023 from 6.9010)."