USD/CNY fix projection: 6.9003 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 97 pips higher than the previous fix (6.9003 from 6.8906) and 38 pips higher than the previous official spot USD/CNY close of 6.8965. The basket implied change is 43 pips higher than the previous official spot USD/CNY close (6.9008 from 6.8965)."