USD/CNY fix projection: 6.6838 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 149 pips higher than the previous fix (6.6838 from 6.6689) and 67 pips higher than the previous official spot USD/CNY close of 6.6771. The basket implied change is 78 pips higher than the previous official spot USD/CNY close (6.6849 from 6.6771)."