USD/CNY projection: 6.8967 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 122 pips higher than the previous fix (6.8967 from 6.8845) and 59 pips higher than the previous official spot USD/CNY close of 6.8908. The basket implied change is 68 pips higher than the previous official spot USD/CNY close (6.8976 from 6.8908)."