USD/CNY fix projection: 6.8063 - 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 445 pips lower than the previous fix (6.8063 from 6.8508) and 108 pips lower than the previous official spot USD/CNY close of 6.8171. The basket implied change is 132 pips lower than the previous official spot USD/CNY close (6.8039 from 6.8171)."

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