USD/CNY fix projection: 6.9276 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 250 pips lower than the previous fix (6.9276 from 6.9526) and 209 pips lower than the previous official spot USD/CNY close of 6.9485. The basket implied change is 278 pips lower than the previous official spot USD/CNY close (6.9207 from 6.9485)."