USD/CNY fix projection: 6.8851 - Nomura

Analysts at Nomura offered their model for today's USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 150 pips higher than the previous fix (6.8851 from 6.8701) and 87 pips higher than the previous official spot USD/CNY close of 6.8764. The basket implied change is 104 pips higher than the previous official spot USD/CNY close (6.8868 from 6.8764)."