USD/CNY fix projection: 6.7672 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 606 pips higher than the previous fix (6.7672 from 6.7066) and 62 pips lower than the previous official spot USD/CNY close of 6.7734. The basket implied change is 74 pips lower than the previous official spot USD/CNY close (6.7660 from 6.7734)."