USD/CNY fix projection: 6.7928 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 335 pips higher than the previous fix (6.7928 from 6.7593) and 94 pips higher than the previous official spot USD/CNY close of 6.7834. The basket implied change is 113 pips higher than the previous official spot USD/CNY close (6.7947 from 6.7834)."