USD/CNY fix projection: 6.7680- Nomura

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

Key Quotes:

"Our model1 projects the fix to be 118 pips higher than the previous fix (6.7680 from 6.7562) and 19 pips lower than the previous official spot USD/CNY close of 6.7699. The basket implied change is 22 pips lower than the previous official spot USD/CNY close (6.7677 from 6.7699)."