USD/CNY fix projection: 6.8620 from 6.8806 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 186 pips lower than the previous fix (6.8620 from 6.8806) and 54 pips lower than the previous official spot USD/CNY close of 6.8674. The basket implied change is 65 pips lower than the previous official spot USD/CNY close (6.8609 from 6.8674)."