USD/CNY fix projection - Nomura

Analysts at Nomura offered their USD/CNY fix projection

Key Quotes:

"Our model1 projects the fix to be 183 pips higher than the previous fix (6.7598 from 6.7415) and 83 pips lower than the previous official spot USD/CNY close of 6.7681. The basket implied change is 100 pips lower than the previous official spot USD/CNY close (6.7581 from 6.7681).