USD/CNY fix projection: 6.8984 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 9 pips lower than the previous fix (6.8984 from 6.8993) and 69 pips higher than the previous official spot USD/CNY close of 6.8915. The basket implied change is 80 pips higher than the previous official spot USD/CNY close (6.8995 from 6.8915)."