USD/CNY fix projected at 6.7709 - Nomura

Analysts at Nomura offered their model1 projections for the USD/CNY fix.

Key Quotes:

"The fix to be 151 pips higher than the previous fix (6.7709 from 6.7558) and 110 pips higher than the previous official spot USD/CNY close of 6.7599.

The basket implied change is 123 pips higher than the previous official spot USD/CNY close (6.7722 from 6.7599)."