USD/CNY fix projection: 6.9147 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 22 pips higher than the previous fix (6.9147 from 6.9125) and 62 pips higher than the previous official spot USD/CNY close of 6.9085. The basket implied change is 72 pips higher than the previous official spot USD/CNY close (6.9157 from 6.9085)."