USD/CNY fix projection: 6.8108 - 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 56 pips higher than the previous fix (6.8108 from 6.8052) and 38 pips higher than the previous official spot USD/CNY close of 6.8070. The basket implied change is 43 pips higher than the previous official spot USD/CNY close (6.8113 from 6.8070)."