USD/CNY fix model: 6.9034 - Nomura

Analysts at Nomura offered their projection for the USD/CNY fix as 6.9034.

Key Quotes:

"Our model1 projects the fix to be 77 pips higher than the previous fix (6.9034 from 6.8957) and 47 pips higher than the previous official spot USD/CNY close of 6.8987. The basket implied change is 54 pips higher than the previous official spot USD/CNY close (6.9041 from 6.8987)."