USD/CNY fix projection: 6.8773 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 13 pips lower than the previous fix (6.8773 from 6.8786) and 153 pips lower than the previous official spot USD/CNY close of 6.8926. The basket implied change is 193 pips lower than the previous official spot USD/CNY close (6.8733 from 6.8926)."