USD/CNY fix projection: 6.8429 - 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 112 pips higher than the previous fix (6.8429 from 6.8317) and 146 pips higher than the previous official spot USD/CNY close of 6.8283. The basket implied change is 194 pips higher than the previous official spot USD/CNY close (6.8477 from 6.8283)."