Projections for USD/CNY: 6.8685 - Nomura

Analysts at Nomura offered their projections for the USD/CNY fix today as being 6.8685.

Key Quotes:

"Our model1 projects the fix to be 145 pips lower than the previous fix (6.8685 from 6.8830) and 95 pips lower than the previous official spot USD/CNY close of 6.8780. 

The basket implied change is 115 pips lower than the previous official spot USD/CNY close (6.8665 from 6.8780)."