USD/CNY fix projection: 6.8213 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 134 pips lower than the previous fix (6.8213 from 6.8347) and 48 pips higher than the previous official spot USD/CNY close of 6.8165. The basket implied change is 55 pips higher than the previous official spot USD/CNY close (6.8220 from 6.8165)."