USD/CNY fix projection: 6.9203 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 171 pips higher than the previous fix (6.9203 from 6.9032) and 133 pips higher than the previous official spot USD/CNY close of 6.9070. The basket implied change is 171 pips higher than the previous official spot USD/CNY close (6.9241 from 6.9070)."