USD/CNY fix projection: 6.8800 from 6.8898 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 98 pips lower than the previous fix (6.8800 from 6.8898) and 7 pips higher than the previous official spot USD/CNY close of 6.8793. The basket implied change is 8 pips higher than the previous official spot USD/CNY close (6.8801 from 6.8793)."