USD/CNY projection: 6.7339 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 207 pips higher than the previous fix (6.7339 from 6.7132) and 158 pips higher than the previous official spot USD/CNY close of 6.7181. The basket implied change is 219 pips higher than the previous official spot USD/CNY close (6.7400 from 6.7181)."